When a vendor makes routine visits to a firm to take orders, a fixed-time period model may be a good choice is a true statement.
Fixed time models generate order quantities that vary from time to time based on usage rates. This inventory management system requires a higher level of safety stock than a fixed order quantity system. In the system, the order quantity is not fixed. In a fixed order quantity system, different items can reach reorder points at different times, generating multiple orders at random intervals.
On the other hand, a fixed-time system can ensure that inventory levels are checked regularly for all items, such as every two weeks. An inventory management system in which reordering of the inventory is ordered when the goods reach the reorder point and the reorder quantity is held constant regardless of external circumstances.
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