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,which will focus on forecasting demand for Sad Clown's products,will likely employ

Question

Quizplus · Accepted Answer

The situation described in the scenario calls for a more sophisticated inventory control system than a single-judgment system, such as the economic order quantity or reorder point. Materials requirements planning (MRP) is a more comprehensive, computer-based inventory control system that uses historical data and information about future demand to anticipate inventory needs, order materials in a timely manner, and minimize stockouts and excess stock. Therefore, C is the best choice.

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