Complemented by application of management techniques

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Reference no: EM132277301

Inventory Management is complemented by application of management techniques such as the EOQ, MRP I, MRP II, POQ, ERP and ABC models;

• Briefly define and describe the EOQ, MRP I, MRP II, POQ, ERP, JITand ABC acronyms as tools for inventory management?What are the salient features of these same techniques as applied in Inventory Management

• Briefly describe and explain the MRP I and MRP II in terms of similarities and differences. Outline the features of MRP through independent and dependent Demand Scenarios. What is the main purpose of MRP in Inventory Management

Reference no: EM132277301

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Complemented by application of management techniques : Inventory Management is complemented by application of management techniques such as the EOQ, MRP I, MRP II, POQ, ERP and ABC models;

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