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What is utility of materials requirement planning second to manufacturing operations?
It is evolved by MRP-I. A system which incorporates not only material needs, but all manufacturing resources as like various labour types, machine types and another manufacturing resource needed for the type and number of products involved. This could even produce the budgeted cost for every batch or unit of product involved aiding effective production control, planning and cash-flow management. A helpful capability is to answer "what-when" questions.
Operations managers will always want to know the monetary cost a training project will be. Stating the intrinsic value is important as part of the return, but how would it make or
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A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
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What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows?
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