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Question 1. Contrast dependent and independent demand and trace the development of material requirements planning (MRP). Explain the inputs to an MRP system.
Question 2. Explain how dependent demand is handled in service organizations and describe the use of technology.
Question 3. List the reasons for and against having inventory. List the basic types of inventories.
Question 4. Discuss the fundamental components of demand and types of forecasting methods.
Question 5. Discuss the application of qualitative and casual methods for forecasting.
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