Asked by Denice Isidro on May 16, 2024
Verified
A DRP system is usually coupled with a _____ system in an attempt to manage the flow and timing of both inbound materials and outbound finished goods.
A) Kanban
B) VMI/consignment
C) MRP
D) JIT
DRP System
A DRP System, or Distribution Requirements Planning, is a software used in inventory management and logistics planning, focusing on improving the distribution and fulfillment of goods.
Inbound Materials
Raw materials or goods that are being received by a facility from suppliers for the purpose of production or resale.
Finished Goods
Products that have completed the manufacturing process and are ready to be sold or distributed to customers.
- Develop comprehension of various models for managing inventory, like EOQ, JIT, and MRP schemes, and their core philosophies.
Verified Answer
Learning Objectives
- Develop comprehension of various models for managing inventory, like EOQ, JIT, and MRP schemes, and their core philosophies.
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