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A) Economic order quantity. B) Just-in-time purchasing. C) Materials requirements planning (MRP). D) Relevant total cots.
Answer option (C) >>>>>>>>>>> Materials requirements planning (MRP)
A) The Economic Order Quantity is the correct option
Economic Order Quantity calculation is used to forecast that economic quantity of material which is required to ordered keeping in view that unit cost , ordering cost , carrying/holding cost , stock run-out cost of material,required units of material keeping in view the forecast of demand of products.
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