One operational method for controlling and managing inventory is the implementation of a software system which can be referred to as:
A) Material requirements planning (MRP)
B) Demand capacity tracking (DCT)
C) Inventory sourcing (IS)
D) Demand process reengineering (DPR)

Question

Quizplus · Accepted Answer

MRP is a software system used for controlling and managing inventory by forecasting future demand, scheduling material deliveries and production, and tracking inventory levels. It helps in identifying how many units of a certain item are needed, when they need to be ordered, and how long they will take to arrive. MRP is an effective method for managing inventory and ensuring that the right amount of stock is available at the right time.

One Operational Method for Controlling and Managing Inventory Is the Implementation