______ Is a System Used by Companies to Systematically Plan

question 28

Multiple Choice

______ is 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.

• A)manufacturing resource planning (MRP)
• B)manufacturing resource planning (MRP II)
• C)enterprise resource planning (ERP)
• D)distribution requirements planning (DRP)

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Definitions:

Market Controls

Mechanisms that regulate the behavior and operation of market participants, typically through laws and regulations.

Keeping Up

The act of staying informed or current with developments, trends, or advancements in a particular field or area.

Historical Comparisons

Analyses that look at past events or periods as a way to understand current conditions or predict future trends.

Benchmark Performance

A standard or point of reference against which the performance of other entities can be measured.