What is the key difference between the MRP and JIT inventory management approaches?

Question

Quizplus · Accepted Answer

The key difference between MRP and JIT inventory management approaches is that MRP schedules production to meet estimated sales needs, whereas JIT schedules production to meet customer demands. MRP is useful for products with relatively stable demand, while JIT is more effective for products with unpredictable demand patterns. MRP can be more appropriate for products that require complex and time-consuming production processes, while JIT is more suitable for products that can be quickly and easily produced. Overall, the choice of inventory management approach depends on factors such as the type of product, the level of demand uncertainty, and the production process.

What Is the Key Difference Between the MRP and JIT