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September 16, 2024

Based on the construct of Just in Time Supply Chain processes, is inventory management a thing of the past?

In your original post, answer the following:
1. Based on the construct of Just in Time Supply Chain processes, is inventory management a thing of the past? Why or why not?
2. How would you design a basic inventory management system for a service-based operation?
3. How do MRP and scheduling impact the output of goods and services in any operation?
4. How are inventory management, MRP, and scheduling related in a production process?

Please use the above questions as headers and answer below. Please use a substantial, matter-of-fact manner.

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