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, which will focus on forecasting demand for their products, will likely employ
◦ a just-in-time inventory system.
◦ the economic order quantity.
◦ materials requirements planning.
◦ a reorder point.