Question

Technique which can help an organization to reduce inventory is called

Answer 1

Technique which can help an organization to reduce inventory is called MRP.

Answer 2

Answer:

Technique which can help an organization to reduce inventory is called MRP( Maximum retail price)

Explanation:

MRP ( Maximum retail price) is the calculated manufacturer price that is the highest price that can be charged for a product sold in India and Bangladesh.

• MRP printed on the packaged food that consumers purchase .

• System of calculating the material and components needed to manufacture a product .

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