Which of the following is NOT a well-known technique for managing inventory?
A) progressive inventory management (PIM)
B) just-in-time inventory (JIT)
C) materials requirement planning (MRP)
D) economic order quantity (EOQ)
E) kanban

Question

Quizplus · Accepted Answer

Progressive inventory management (PIM) is not a well-known technique for managing inventory. It is not commonly used in industry and is not typically taught in supply chain management courses. JIT, MRP, EOQ, and kanban are all widely recognized and utilized methods for managing inventory.

Which of the Following Is NOT a Well-Known Technique for Managing