Inventory planning and control Question:
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Order-point or re-order-level inventory control is used for which of the following?

Answer:

1. Production scheduling
2. Monitoring the workings of a MRP system
3. Control of dependent demand inventory items
4. Inventory quality control
5. Control of independent demand inventory items

Control of independent demand inventory items

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Under the ABC system of inventory priorities a Class A item is?Which of these statements is correct?