Which of the following defines materials requirement planning?
A) An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level.
B) A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value.
C) The active management of the distribution of materials throughout a system.
D) A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.
E) A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory.
Correct Answer:
Verified
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