Multiple choice technology packaged enterprise solutions

Min Max Planning can be used _________

  1. MRP / MPS Calculations

  2. In place of MRP / MPS Planning

  3. Economic Order Quantity(EOQ)

  4. Only at the sub-inventory level
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Min-Max Planning can be used as a simpler alternative to complex MRP (Material Requirements Planning) or MPS (Master Production Schedule) calculations. It's suitable for items with stable demand where maintaining minimum/maximum levels is sufficient. Min-Max is not limited to sub-inventory level and is distinct from EOQ models.

Keep practicing — related questions