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Chapter 4: Q2PE. (page 585)

Logic is used to calculate the needed parts, components, and other materials needed to produce an end item.

Short Answer

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Material Requirements Planning (MRP)

Step by step solution

01

MRP

Material Requirement Planning (MRP) is the software that helps in improving productivity. It also helps in maintaining the inventory of the organization. It was the first inventory management software that was done on the computer.

02

Logic is used to calculate the needed parts, components, and other materials needed to produce an end item

MRP is used to measure the needed parts, and also helps in producing finished goods. It helps in executing and making a decision about the goods that have to be produced.

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Most popular questions from this chapter

Question: What part of SAP gives users personalized access to a range of information, applications, and services supported by the system?

Question: What two basic questions must be answered by an inventory control decision rule?

What is another common name for the bill-of-materials?

What would you suggest to improve the forecast described in question 10?

This drives the MRP calculations and is a detailed plan for how we expect to meet demand.

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