Which one of the following inventory management approaches determines the finished goods inventory level and then works backward until the raw material needs are determined?
A)Extended EOQ
B)Just-in-time
C)ABC approach
D)Materials requirements planning
E)Economic order quantity

Question

Quizplus · Accepted Answer

Materials requirements planning (MRP) is an inventory management approach that starts with the desired finished goods inventory level and works backward to determine the raw material needs.

Which One of the Following Inventory Management Approaches Determines the Finished