This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the key difference between the MRP and JIT inventory management approaches? (Read 32 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
on: Apr 8, 2019
What is the key difference between the MRP and JIT inventory management approaches?
◦ Only JIT reduces costs and improves efficiency.
◦ MRP is especially useful for products such as fashion apparel.
◦ JIT is more effectively used with products that have predictable patterns of demand.
◦ MRP schedules production to meet estimated sales needs; JIT schedules production to meet customer demands.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mmm on Apr 8, 2019

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


mmm

  • Hero Member
  • *****
  • Posts: 558
Reply #2 on: Apr 8, 2019
Thanks


carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 8, 2019
Welcome :)


« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Better land and water management and appropriate crop selection can help eliminate hunger Better land and water management and appropriate crop selection can help eliminate hunger
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Effective Leadership and Management in Nursing Effective Leadership and Management in Nursing
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
What's the Difference Between England, Great Britain, and United Kingdom? What's the Difference Between England, Great Britain, and United Kingdom?
Financial Management 4th Edition (Cengage) Financial Management 4th Edition (Cengage)
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library