Reduced inventory levels and faster response to market changes are both benefits of MRP.

Name: Reduced inventory levels and faster response to market changes are both benefits of MRP.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Material Requirements Planning (MRP) helps in reducing inventory levels by only procuring the required material and quantity for production. It also enables faster response to market changes by forecasting demand and adjusting production accordingly. Therefore, both benefits are true for MRP.

Reduced Inventory Levels and Faster Response to Market Changes Are