Planning Is Supported by the Information System, Which 1) Anticipates

question 59

True/False

Planning is supported by the information system, which 1) anticipates the type of information required by decision makers and 2) organizes data that have been collected to ensure their availability when needed.

---

Definitions:

Inventory

The total amount of goods and materials held by a company intended for sale or production.

Total Inventory Cost

Total inventory cost includes all costs associated with holding and managing inventory, such as purchasing, storing, and handling costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, among others.

Order Quantity

The amount of stock or goods a company purchases or plans to purchase in a single order.