What Is the Key Difference Between the MRP and JIT

question 8

Multiple Choice

What is the key difference between the MRP and JIT inventory management approaches?

• A)Only JIT reduces costs and improves efficiency.
• B)MRP is especially useful for products such as fashion apparel.
• C)JIT is more effectively used with products that have predictable patterns of demand.
• D)MRP schedules production to meet estimated sales needs;JIT schedules production to meet customer demands.

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Definitions:

Communication Process

The series of steps taken to convey messages effectively from sender to receiver.

Well-informed Sense

The state of having comprehensive knowledge or understanding about a particular subject or situation.

Informal Network

Unofficial channels of communication within an organization, not defined by the organizational structure.

Grapevine

Informal channels of communication within an organization or community, often spreading rumors or unofficial information.