The Inventory Control Method That Uses a Targeted Service Level

question 41

Multiple Choice

The inventory control method that uses a targeted service level allowing for the variability of supply and demand is

• A)ABC method.
• B)economic order quantity.
• C)just-in-time inventory system.
• D)statistical inventory control.

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Definitions:

Internal Equilibrium

A state of balance within a system, especially regarding biological or chemical processes in living organisms.

Positive Feedback

A mechanism in which the output of a system amplifies the system or increases its output.

Thermoregulatory Maximum

The maximum capacity of an organism to maintain its core internal temperature within an optimal range, despite external temperature fluctuations.

Set Point

A general term for the level at which negative feedback tries to maintain stability.