Which of the following tools is an optimization tool for supply chain management?

Question

Quizplus · Accepted Answer

Advanced planning and scheduling (APS) is an optimization tool used in supply chain management to plan and schedule production based on various factors like demand, inventory levels, production capacity, etc. Capacity requirements planning (CRP) is a tool used to determine if a company has enough resources, including personnel and equipment, to meet its manufacturing requirements. Material requirements planning (MRP) is a tool used to plan and control inventory levels for the materials required in production. Radio frequency identification (RFID) is a technology used for tracking and identifying products or assets in the supply chain. While RFID can be a useful tool in supply chain management, it is not specifically an optimization tool like APS.

Which of the Following Tools Is an Optimization Tool for Supply