The two basic issues in inventory are how much to order and when to order.Group startsTrue or False

The statement is True.

In inventory management, the two fundamental questions that businesses face are indeed how much inventory to order (often referred to as order quantity) and when to order it (known as reorder point). These issues are crucial for maintaining optimal stock levels, minimizing costs, and ensuring that customer demand is met without overstocking or running out of products.

Effectively addressing these questions allows businesses to streamline operations, reduce carrying costs, and improve overall efficiency in their supply chain management. Therefore, understanding and implementing strategies to determine the order quantity and timing of orders is essential for successful inventory management.