MRP will be a preferred method over JIT when the

Question

Quizplus · Accepted Answer

MRP is best suited for situations where the demand for inventory is fairly predictable, as it uses past demand data to forecast future demand and plan the production accordingly. On the other hand, JIT is ideal for situations where demand is uncertain and constantly fluctuating, as it relies on just-in-time delivery of inventory to minimize inventory holding costs. Therefore, in cases where demand is mostly unpredictable or a product has a short life cycle, JIT might be a better choice over MRP.

MRP Will Be a Preferred Method Over JIT When the