What is utility of materials requirement planning, Operation Management

Assignment Help:

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.


Related Discussions:- What is utility of materials requirement planning

Explain why is strategic management critical to the success, Why is strateg...

Why is strategic management critical to the success of an organization in meeting its goals and mission?

Explain impact far beyond their firm boundaries, Multinational enterprises ...

Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might yo

How determining the productivity of his organization, Eric Johnson makes bi...

Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the prod

Explain objective is to maximize expected profit, (Teddy Bower Boots) To en...

(Teddy Bower Boots) To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists that they also sell waterproof hunting boots. Unfortu

Calculate the standard time for the job, An  industrial  engineer  has obta...

An  industrial  engineer  has obtained the  following data  in connection  with a  time  study on  the lines  of the Hawthorne  studies  taking  four different  elements  and five

Explain the s&op process., Describe the S&OP process. What are the major tr...

Describe the S&OP process. What are the major trade-offs that must be considered?

Explain purpose of completing the applied project, Students will choose lea...

Students will choose leader/s for the purpose of completing the applied project, which will be completed in two separate components (Mid Term and Final)-see syllabus, each of which

Upper and lower limits, The upper and lower limits for diving ring diameter...

The upper and lower limits for diving ring diameters made by John''s Swimming are 40 and 39 cm. John took 11 samples with the following average diameters (39, 39.1, 39.2, 38.9, 39.

Explain what are the challenges associated with erp system, Research ERP sy...

Research ERP systems by visiting the ERP company provider website of your choice (i.e., SAP, Ellucian, Oracle, Peoplesoft, Microsoft, Workday, etc.) Write an essay of between 750-1

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd