Briefly discuss any scenario if available in the workplace

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Reference no: EM133471978

Question: Briefly discuss any scenario if available in the workplace or daily life that MRP may play an important role.

The MRP process:

Estimates demand and required materials. After determining customer demand and utilizing the bill of materials, MRP breaks down demand into specific raw materials and components.
Allocates Inventory of materials. MRP allocates inventory into the exact areas as needed.
Schedules Production. Time and labor requirements are calculated to complete manufacturing and a timeline is created.
Monitors the process. MRP automatically alerts managers of any delays and even suggests contingency plans to meet build deadlines.

Reference no: EM133471978

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