The Major Advantage of an MRP Inventory System Is That

question 63

Multiple Choice

The major advantage of an MRP inventory system is that it reduces inventory levels.This is because

• A)the uncertainty about when materials are needed is reduced,thus reducing the need to carry large levels of inventory.
• B)the system is able to compute exactly the cost of purchasing by taking into account all costs associated with inventory carrying.
• C)inventory is brought to the production site exactly when needed and in the correct quantities by the vendor.
• D)None of the above are correct.

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Definitions:

Meta-Analyses

Systematic reviews combining results from multiple studies to determine overall trends or effects.

Methodologically Strong

Indicates research or studies that are well-designed and executed according to rigorous and systematic principles, ensuring reliability and validity of findings.

Integrationist Approach

An approach that combines elements from different theories or disciplines to create a more comprehensive perspective on a given issue.

Psychological

Pertaining to the mind, mental processes, and behavior, often in the context of health and emotional wellbeing.