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Let's say that you were starting a company that manufactures dining room furniture. You expect to...

Let's say that you were starting a company that manufactures dining room furniture. You expect to position the company as a low cost, high volume company. Which inventory management system would you prefer (MRP or JIT)? why?

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Answer #1

Solution - Considering the same, just in time inventory management system be followed.

The just-in-time inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies use this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This method requires producers to forecast demand accurately.
Hence considering the concept of the same just in time inventory management system be used as using the JIT inventory management system we will have low cost and have high volume company.

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