Explain how MRP can decrease a company’s inventory while improving its customer service level. Include a real-life example. Your initial post should be 200-250 words.

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Material Requirement Planning is system management software that allows the production managers to input their inventory of dependent demand which includes raw materials. It aims at scheduling production and recording the inventory of the company. MRP reduces its inventory through the use of a planning process. The planning process allows for the completion of the schedule of production within the stipulated time (Peterson and Silver, 2010). The whole process aims at producing the right quantity….

APA

242 words