Question: 5 points Part (A) (3 Points): To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ), Materials Requirements Planning (MRP) and Just-in-Time

 5 points Part (A) (3 Points): To control the inventory, organizations

5 points Part (A) (3 Points): To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ), Materials Requirements Planning (MRP) and Just-in-Time (JIT). Discuss those three approaches identify the goal of each one? And how the organization can achieve such a goal? Part (B) (2 Points): Some threats could be happened in the production cycle, one of them is over or under production threat. Discuss two problems and two controls related to this threat

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