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

Question

Quizplus · Accepted Answer

Just-in-Time (JIT), Material Requirements Planning (MRP), and Manufacturing Resources Planning (MRP II) all use some form of the Economic Order Quantity (EOQ) model, which calculates the optimal inventory level to minimize total inventory costs. The EOQ model is incorporated into these philosophies to help companies streamline their inventory management and reduce waste.

JIT, MRP, and MRP II All Incorporate Some Version of the Basic