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When using the system, inventories are ordered only when they are needed and the costs of maintaining inventory levels over extended periods are eliminated.
When using the system, inventories are ordered only when they are needed and the costs of maintaining inventory levels over extended periods are eliminated. Select one: a. Edwards-Deming b. material requirements planning (MRP) c. just-in-time (JIT) d. economic order quantity (EOQ)
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ANSWER D Economic order quantity The Economic Order Quantity EOQ is the point at which the sum of th...
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
