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Gross requirements plan and net requirements plan

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Reference no: EM133054196

Question 1. What is the difference between a gross requirements plan and a net requirements plan?

Question 2. Once a material requirements plan (MRP) has been estab-lished, what other managerial applications might be found for the technique?

Question 3. What are the similarities between MRP and DRP?

Question 4. Which is the best lot-sizing policy for manufacturing organi-zations?

Question 5. Master schedules are expressed in three different ways depending on whether the process is continuous, a job shop, or repetitive. What are these three ways?

Question 6. What is the rationale for (a) a phantom bill of material, (b) a planning bill of material, and (c) a pseudo bill of material?

Question 7. What are the distinctions between MRP, DRP, and ERP?

Reference no: EM133054196

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