Multiple Choice
Which of the following represents a method of managing inventory designed to minimize a company's investment in inventories by scheduling materials to arrive at the time they are needed for production?
A) The economic order quantity (EOQ)
B) Material resource planning (MRP)
C) First-in, first-out (FIFO)
D) Just-in-time (JIT)
Correct Answer:
Verified
Correct Answer:
Verified
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