Question

Which are the following are commonly used inventory control methods by

companies?
a.CAD
b.PERT
c.JIT
d.MRP

Answer 1

In the context of inventory control methods, Just-In-Time (JIT) and Materials Requirement Planning (MRP) are commonly used by companies. CAD and PERT are more relevant to design and project management, respectively, not inventory control.

Step-by-step explanation:

The commonly used inventory control methods by companies include:

• CAD (Computer-Aided Design): Not typically an inventory control method; more often used for design purposes.
• PERT (Program Evaluation and Review Technique): Again, not an inventory control method but a project management tool used for scheduling, organizing, and coordinating tasks within a project.
• JIT (Just-In-Time): This is an inventory management strategy that reduces waste by receiving goods only as they are needed in the production process, thus reducing inventory costs.
• MRP (Materials Requirement Planning): An inventory control system that is used to manage manufacturing processes. It calculates the materials needed and schedule their delivery.

Of the options provided, JIT and MRP are the inventory control methods commonly used by companies. CAD and PERT are not directly related to inventory control.