Question: The management at Barks - a - Million is considering a new inventory control system. The current system is inadequate because it frequently causes stockouts
The management at BarksaMillion 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, which will focus on forecasting demand for their products, will likely employ
the economic order quantity.
a reorder point.
a justintime inventory system.
materials requirements planning.
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