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MRP Inventory and Customer Service

Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example.

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MRP can decrease a company's inventory while improving its customer service level by statistically calculating the amount of material that is needed in order to produce all of the companie's products in adequate number, so that they will be on hand to satisfy customer demands for the goods or products without there being any inadequacy or increase in service time. Secondly, this type of planning can ...

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