Is the following statement characteristic of MRP or JIT. Highly dependent on the accuracy of data derived from bills of materials, stock records, etc.
A) Characteristic of MRP
B) Characteristic of JIT

Question

Quizplus · Accepted Answer

This statement is characteristic of MRP (Material Requirements Planning) which is a system that relies on accurate data from bills of materials, stock records, and other sources to calculate material requirements and create production schedules. JIT (Just-In-Time) is a system that focuses on minimizing inventory levels and relies on close collaboration with suppliers to ensure timely delivery of materials, rather than relying on data accuracy.

Is the Following Statement Characteristic of MRP or JIT