Inventory Ordering Alternatives Refer to Figure 5-16 in the text, which illustrates three alternative methods of ordering

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Inventory Ordering Alternatives Refer to Figure 5-16 in the text, which illustrates three alternative methods of ordering inventory.

Required:

a. Distinguish between a purchase requisition and a purchase order.

b. Discuss the primary advantage of alternative two over alternative one. Be specific.

c. Under what circumstances can you envision management using alternative one rather than alternative two?

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