One operational method for 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

One operational method for 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)

Quizplus · Accepted Answer

MRP is a software system that uses computer algorithms to manage and track inventory levels, demand, and supply chain activities. This system helps to ensure that businesses have the necessary materials, resources, and products to meet customer demand while minimizing inventory costs. The other options (B, C, and D) are not commonly used terms in the context of inventory management software.

One Operational Method for Managing Inventory Is the Implementation of a Software