A system that provides feedback to the master production schedule, the production plan, and checks existing capacity is called:

a. Distribution requirements planning (DRP)

b. Closed-loop MRP

c. MRP II

d. None of the above

Regarding fixed-period inventory systems, which of the following is false:

a. a reorder point is used to trigger the restock of an item

b. a stock-out can occur because there is no count of inventory during the review period.

c. there is no physical count of inventory items when an item is withdrawn.

d. None of the above is false regarding fixed-period inventory models.

Which forecasting and capacity management time frame is mainly concerned with handling unexpected but immediate demand?

A. short range

b. strategic planning range

c. long range

d. iintermediate range