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a. AP system –Is a periodic review system in which the requirement for stock is
reviewed at fixed intervals and varying quantities are ordered on each occasion,
according to the current level of stock remaining.
b. AQ system is a re-order level system in which a fixed quantity is ordered at
irregular intervals, when stock levels have fallen to re-order level specified on the
store-keeper's records.
c. Just in time(JIT)procurement
NatalieR answered the question on June 17, 2022 at 07:36
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