Lot-for-lot ordering in MRP provides coverage for some predetermined number of periods (such as two or three)that extend beyond the orders already received for those periods.

Question

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Lot-for-lot ordering in MRP is an order quantity technique that orders exactly what is needed for production based on the net requirements, without extending coverage for additional periods beyond immediate needs.

Lot-For-Lot Ordering in MRP Provides Coverage for Some Predetermined Number