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In this module we have seen how a company can be controlled with and MRP/ERP system...

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Operations Management

In this module we have seen how a company can be controlled withand MRP/ERP system of follow the Lean approach. What do you see asthe advantages and disadvantages of each approach?

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Advantages of MRP system With the help of MRP the organization can ensure the availability of all the raw material on time which will be required during the production of a product This system has almost very few inventories and thus reducing the inventory cost With the help of MRP the organizations can ensure the timely    See Answer
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