The management at Barks-a-Million is considering a new inventory control system.The current system is inadequate because it frequently causes stockouts that interrupt production and lead to excess stock of other materials - resulting in markdowns and high carrying costs.The new system will focus on reducing or completely eliminating carrying costs,most likely employing

Question

Quizplus · Accepted Answer

A just-in-time inventory system would be the best choice to focus on reducing or eliminating carrying costs. This system delivers materials just in time for production rather than keeping excess inventory on hand, thus reducing the need for carrying costs. A reorder point, materials requirements planning, and the economic order quantity may also be helpful in inventory control, but they are not as effective in reducing carrying costs as a just-in-time inventory system.

The Management at Barks-A-Million Is Considering a New Inventory Control