Glossary
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Glossary
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Definition
<p>Fixed Order Quantity is the inventory control system, wherein the maximum and minimum inventory levels are fixed and maximum and fixed amount of inventory can be replenished at a time when the inventory level reaches the auto set reorder point or the minimum stock level.</p> <p>See also: <a href="https://businessjargons.com/fixed-order-quantity.html">FOQ</a></p>
Scope
Oracle
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