An inventory management approach based on regularly scheduled counts of different classes of inventory is called a(n)
A)cycle count report.
B)inventory status file.
C)Master Production Schedule.
D)Bill of Materials.

Question

Quizplus · Accepted Answer

A cycle count report is a method of inventory management where different classes of inventory are counted on a regular basis, usually following a predetermined cycle. This helps to maintain accurate inventory records and identify any discrepancies or issues with inventory levels. Inventory status file and Master Production Schedule are other inventory management tools, but they do not involve regular physical counts of inventory. A Bill of Materials is a list of the materials needed to produce a product, and is not directly related to inventory management.

An Inventory Management Approach Based on Regularly Scheduled Counts of Different