Q: What is Materials Requirement Planning?
- Show Answer
- Workspace
- Discuss
Answer :
Explanation :
A given quantity of finished goods requires a given quantity of raw materials and components to make them. Materials requirement planning systems to make them. Materials requirements planning systems are computerized tools that manage when materials must be ordered to supply production at a later date. MRP is effective when output quantities are known.Small business owners are often their own MRP systems,storing the information needed to supply prodution in their knowledge and experience. Activities such as computer tracking inventory and forecasting demand are MRP activities.
Similar Questions
Since Nithya and Suganya exchange places, so Rita’s new position is the same as Monika’s earlier position. This position is 17th from the right and 10th from the left. Therefore Number of girls in the row = (16 + 1 + 9) = 26.