MRP is most valuable in industries where a number of products are made in batches using the same productive equipment.

Question

Quizplus · Accepted Answer

MRP (Material Requirements Planning) is a production planning tool that is most useful in industries where multiple products are made in batches using the same equipment. This is because MRP helps in determining the raw material or component requirements for each batch of production, thereby ensuring that the required materials are available at the right time and in the right quantities. This helps in reducing inventory costs and also ensures efficient utilization of production equipment.

MRP Is Most Valuable in Industries Where a Number of Products