What type of system helps a manufacturer get the correct materials where they are needed, when they are needed?
A) manufacturing resource planning (MRP II)
B) enterprise resource planning (ERP)
C) near-shoring
D) radio frequency identification (RFID)
E) material requirements planning (MRP)
Answer: E
Explanation: Managers use MRP software to calculate when certain materials will be required, when they should be ordered, and when they should be delivered so that storage costs will be minimal. These systems are so effective at reducing inventory levels that they are used almost universally in both large and small manufacturing firms.
Business