OM Quiz 4 Essays

OM Quiz 4 Essays - What is MRP? What do we need MRP method?...

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What is MRP? What do we need MRP method? -MRP or material requirements planning is a dependent demand technique that uses a bill of material, inventory expected receipts, and a master production schedule to determine material requirements. MRP provides such a clean structure for dependent demand, that it has evolved as the basis for Enterprise Resource Planning (ERP), which is an information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders. The benefits of MRP include better response to customer orders, faster response to market changes, improved utilization of facilities and labor, and reduced inventory levels. What is supply chain? Taking specific business examples, explain why supply chaining is critical in this global and competitive market environment. -Supple chain management is the integration of the activities that procure materials and services, transform them into intermediate goods and final products, and deliver them to
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OM Quiz 4 Essays - What is MRP? What do we need MRP method?...

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