Inventory Management

  M​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​RP, JIT, ERP, ABC are acronyms representing types of inventory management. Select one, research it, and discuss its role in the management of inventory. In your discussion describe it​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​s strengths and weaknesses (pros and cons) and the industry or industries you are likely to find it being used. Include an example of a company that uses it and the products produced​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​.