The set of procedures used to determine the inventory levels for demand-dependent inventories is called:
A)the inventory flow log.
B)materials requirements planning.
C)a just-in-time inventory system.
D)the kanban.
E)the keiretsu.

Question

Quizplus · Accepted Answer

Materials requirements planning (MRP) is a system used to manage demand-dependent inventories by determining the necessary inventory levels and scheduling production and purchasing activities.

The Set of Procedures Used to Determine the Inventory Levels