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Unformatted text preview: parts on the lower levels of BOM. 3. Understand what type of inventory management philosophy MRP follows. 4. Be able to explain how MRP determines when and how much to order for parts on the lower levels of BOM. 5. Understand whether MRP should carry safety stock and the purpose of safety stock in the MRP system. 6. Understand what are the weakness of MRP and Know the extensions of the type I MRP system MRP vs. Order-point system 1. Understand the differences between the MRP system and the order-point systems ( See the comparison table in the class notes and book ) 2. Understand when MRP should be used and when order point systems should be used. Given a concrete business example, be able to pick the right system. MGT 302 Operations Management Page 1...
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- Spring '09