Question: What is the key difference between the MRP and JIT inventory management approaches? O Only JIT reduces costs and improves efficiency. O JIT is

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

What is the key difference between the MRP and JIT inventory management approaches? O Only JIT reduces costs and improves efficiency. O JIT is more effectively used with products that have predictable patterns of demand. O MRP is especially useful for products such as fashion apparel, OMRP schedules production to meet estimated sales needs; JIT schedules production to meet actual customer demands.

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