Which one of the following is the set of procedures used to determine the inventory levels for demand-dependent inventory?
A)keiretsu
B)kanban
C)inventory flow log
D)material requirement planning
E)just-in-time inventory system

Question

Quizplus · Accepted Answer

Material requirement planning (MRP) is the set of procedures used to determine the inventory levels for demand-dependent inventory. MRP facilitates the planning, scheduling, and control of production and inventory levels based on production schedules, lead times, and demand forecasts.

Which One of the Following Is the Set of Procedures