Match each item with the correct statement below.
-methodology devised for controlling lot-sizing and lot-timing decisions
A) aggregate planning
B) just-in-time inventory management
C) master production scheduling
D) inventory management
E) materials requirements planning

Question

Quizplus · Accepted Answer

Materials requirements planning (MRP) is a methodology devised for controlling lot-sizing and lot-timing decisions in manufacturing processes.

Match Each Item with the Correct Statement Below