An Inventory Management System Based on a Requirements Philosophy Creates

question 50

Multiple Choice

An inventory management system based on a requirements philosophy creates orders from

• A) customer requests.
• B) forecasts.
• C) sales and operations plan (S&OP).
• D) master production schedule.

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Definitions:

Hierarchy Of Authority

A system of organization where entities are ranked according to levels of power and control, from highest to lowest.

Mechanistic And Organic

Describes two contrasting organizational structures; mechanistic being highly structured and hierarchical, organic being more flexible and adaptable.

Authority Structure

The framework that delineates the lines of authority, communication, and responsibility within an organization.

Integration

The process of combining or coordinating separate elements to work together in a unified system.