With respect to the supply chain, discuss the terms Just-in-time (JIT) & Materials Requirements Planning (MRP).

With respect to the supply chain, discuss the terms Just-in-time (JIT) & Materials Requirements Planning (MRP).How are they related to maintaining proper levels of inventory?This week’s Topics: Supply Chain Innovations
CO2: Examine the concept of demand-driven forecasting as compared to supply-driven forecastingDiscussion Prompt:In addition to reading your assigned resources for week 2, you have some research to complete for this week’s discussion:Research online for an authoritative (expert) resource that helps you to answer a very simple question: What are the basic differences between supply-driven and demand-driven forecasting. Before posting, check any other student postings and try to not duplicate the resource they have used.Start your Discussion by inserting a hyperlink for your resource (Note – To insert a hyperlink, type in a one or two word phrase that introduces the resource, highlight it, then click on the small Chain-link in the navigation panel above and insert a copy of the URL Address for the resource)Next, directly under the hyperlink, author a paragraph discussing what you learned about the differences between supply- and demand-driven forecasting and any points that may have been either additive to or different from the lesson reading assignments.The final task for this discussion is to briefly summarize what you have learned that you wish to pass on to the rest of us in the course that identifies the primary difference between supply-driven and demand-driven forecasting.