Material requirements planning and electronic data interchange are elements of:
A) just-in-time inventory control.
B) value analysis.
C) total quality management.
D) vendor analysis.
E) life-cycle costing.

Question

Quizplus · Accepted Answer

Material requirements planning (MRP) and electronic data interchange (EDI) are both elements of just-in-time (JIT) inventory control, which focuses on reducing waste by closely managing inventory levels and production schedules. MRP is a computer-based system that helps companies plan and manage their materials and inventory levels, while EDI is a system for electronically exchanging business documents between different companies. Both of these tools are important for companies that are implementing a JIT inventory control system.

Material Requirements Planning and Electronic Data Interchange Are Elements Of