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What Is an Inventory Control System? Discuss the Objective of Inventory

question 25

Essay

What is an inventory control system? Discuss the objective of inventory management and describe materials requirement planning (MRP)and distribution resource planning (DRP).


Definitions:

Open Circuit

A condition in an electrical circuit where there is a break in the circuit path, preventing current from flowing.

Short Circuit

An electric circuit that contains no resistance to limit the flow of current.

Carbon Film

A type of resistor made by depositing a thin layer of carbon on an insulating substrate, known for stability and low noise.

Ceramic Rod

A type of non-metallic rod made from ceramic materials, often used for applications requiring high temperature resistance or electrical insulation.

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