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A continuously updated list of inventory levels, orders, sales, and receipts is known as what?
AA bill of material for the product
BA master schedule for the factory
CA perpetual inventory of major items
DA value-stream map of the process
Answer & Solution
Correct answer: C. A perpetual inventory of major items
1. Managers track the use of inventory items in order to control levels.
2. Most companies keep a perpetual inventory for all major items.
3. It is a continuously updated list of inventory levels, orders, sales, and receipts, and computers now maintain it and issue purchase orders at the right times.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 10 "Achieving World-Class Operations Management", section Inventory Management: Not Just Parts_
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