M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Exercise 72

The process of determining how many supplies and goods are needed, keeping track of quantities on hand, each item’s location, and who is responsible for it is called

A. the economic order quantity model.

B. just-in-time inventory management.

C. material-requirements planning.

D. inventory control.

E. procurement.