The set of policies and controls that monitor levels of inventory and determine what levels should be maintained, when stock should be replenished, and how large orders should be is called a(n) system.

Inventory system

Explanation:

The inventory system is the system that contains the set of policies and the control that checks the inventory levels and measured what kind of level should be maintained also when the stock would be replenished and how quickly the larger order so this system we called as an inventory system

So the same is relevant and considered too

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.