Question: Question 19 1 points SAVE ANSWER Pump Manufacturing are looking at improving their approach to inventory management and have approached you to assist them. What

Question 19 1 points SAVE ANSWER Pump Manufacturing are looking at

Question 19 1 points SAVE ANSWER Pump Manufacturing are looking at improving their approach to inventory management and have approached you to assist them. What is the key difference between the MRP and JIT inventory management approaches? O MRP schedules production to meet estimated sales needs; JIT schedules production to meet customer demands O JIT is more effectively used with products that have predictable patterns of demand. MRP is especially useful for products such as fashion apparel. o Only JIT reduces costs and improves efficiency

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