Material requirements planning and electronic data interchange are all elements of:
A)just-in-time inventory control.
B)value analysis.
C)total quality management.
D)vendor analysis.
E)life-cycle costing.

Question

Quizplus · Accepted Answer

Material requirements planning (MRP) is a method used to plan production, manage inventory levels, and schedule deliveries. It is a key component of just-in-time (JIT) inventory control, which emphasizes the importance of having the right amount of inventory at the right time. Electronic data interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between trading partners. It facilitates the flow of information among different companies and is often used in conjunction with MRP to facilitate the ordering process. Together, MRP and EDI help companies to better manage the flow of materials and information, reduce inventory levels, and improve customer service.

Material Requirements Planning and Electronic Data Interchange Are All Elements