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Author Question: How does an MRP inventory system reduces inventory levels? (Read 117 times)

justinmsk

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on: Apr 8, 2019

Question 1

Identify a key feature associated with materials requirements planning.
◦ determining economic order quantity for all materials
◦ minimizing or eliminating carrying and stockout costs
◦ determining the optimal reorder points for all materials
◦ reducing required inventory levels by scheduling production, rather than estimating needs

Question 2

How does an MRP inventory system reduces inventory levels?
◦ by reducing the uncertainty regarding when materials are needed
◦ by receiving materials exactly when needed and in exact quantities
◦ by computing the exact costs of purchasing and carrying inventory
◦ None of these
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
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Marked as best answer by justinmsk on Apr 8, 2019

wfdfwc23

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Reply #1 on: Apr 8, 2019
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justinmsk

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Reply #2 on: Apr 8, 2019
Thank you!


wfdfwc23

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Reply #3 on: Apr 8, 2019
Always glad to help...


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