Which one of the following is the set of procedures used to determine the inventory levels for demand-dependent inventory?
A)Inventory flow log
B)Materials requirements planning
C)Just-in-time inventory system
D)Kanban
E)Keiretsu

Question

Quizplus · Accepted Answer

Materials requirements planning (MRP) is the set of procedures used to determine the inventory levels for demand-dependent inventory. MRP works by calculating the materials and inventory requirements needed to produce a particular product or service, based on forecasted demand, production schedules, and inventory levels. Other options listed are different inventory management systems, but they do not specifically deal with determining inventory levels for demand-dependent inventory.

Which One of the Following Is the Set of Procedures