Reduced inventory levels and faster response to changes in demand are both benefits of MRP.

Name: Reduced inventory levels and faster response to changes in demand are both benefits of MRP.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Material Requirements Planning (MRP) can help reduce inventory levels by optimizing the ordering and production of materials based on demand forecasts. It also enables faster response to changes in demand as it allows for quick adjustments in material orders and production schedules.

Reduced Inventory Levels and Faster Response to Changes in Demand