Item status to Active from In process after NIR is approved

Summary:

we have an requirement to automatically update the Item status to Active from In Progress(we are selecting Item status as In Progress before submitting the NIR) after NIR is approved. As of now we are doing it manually can we achieve this requirement automatically using item rule sets etc?

Content (required):

we have an requirement to automatically update the Item status to Active from In Progress(we are selecting Item status as In Progress before submitting the NIR) after NIR is approved. As of now we are doing it manually can we achieve this requirement automatically using item rule sets etc?