JIT, MRP, MRP II, and DRP all incorporate some version of the basic EOQ model into their philosophies.

Name: JIT, MRP, MRP II, and DRP all incorporate some version of the basic EOQ model into their philosophies.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All of these manufacturing philosophies incorporate some form of the basic EOQ model, which helps to optimize inventory levels and reduce costs by calculating the ideal order quantity and timing of orders.

JIT, MRP, MRP II, and DRP All Incorporate Some Version