A System Used by Companies to Systematically Plan and Control

question 18

Multiple Choice

A system used by companies to systematically plan and control their logistics and product distribution activities through generating a time-phased inventory-replenishment plan to manage and minimize inventories in the supply chain is known as ______.

• A)DRP
• B)ERP
• C)MRP II
• D)CRP

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Definitions:

Interest Dates

Specific dates on which interest payments are made or calculated on bonds, loans, or deposits.

Bond

A financial device signifying a loan provided by an investor to a borrower, usually in the form of corporations or government entities.

Buyer Pays

A term indicating that the buyer is responsible for the costs of goods shipping, insurance, and any related expenses incurred until delivery is complete.

Accrued Interest

Interest that has accumulated over time but has not yet been paid or received.