The Management at Barks-A-Million Is Considering a New Inventory Control

question 34

Multiple Choice

The management at Barks-a-Million is considering a new inventory control system.The current system is inadequate because it frequently causes stockouts that interrupt production and lead to excess stock of other materials - resulting in markdowns and high carrying costs.The new system will focus on ensuring that orders are placed with sufficient lead time to prevent stockouts by using

• A)a just-in-time inventory system.
• B)the economic order quantity.
• C)materials requirements planning.
• D)a reorder point.

---

Definitions:

Dust Bowl

A period during the 1930s characterized by severe dust storms, significantly damaging the ecology and agriculture of the US and Canadian prairies.

Transportation

The movement of people or goods from one place to another using various modes such as cars, trains, ships, or planes.

North America

A continent that includes Canada, the United States, Mexico, and Greenland, characterized by diverse ecosystems and cultures.

Noise Pollution

Unwanted or harmful outdoor sound caused by human activities, such as traffic, construction, or industrial actions, that can have health effects.