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Author Question: What is the key difference between the MRP and JIT inventory management approaches? (Read 87 times)

mmm

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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.


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Marked as best answer by mmm on Apr 8, 2019

carlsona147

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