Log out Go to App
Go to App

Learning Materials

Features

Discover

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

Expert verified

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.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Question: List at least three of the four costs relevant to the aggregate production plan.

Question: What sorts of risks do you see in reliance on the Internet in the use of Collaborative Planning, Forecasting, and Replenishment (CPFR)?

What is meant when we say that the least total cost (LTC) and least unit cost (LUC) methods are dynamic lot-sizing techniques?

These are the six major components of demand?

What is the MRP term for the time periods used in planning?
See all solutions

Recommended explanations on Business Studies Textbooks

Financial Performance

Read Explanation

Corporate Finance

Read Explanation

Operational Management

Read Explanation

Strategic Direction

Read Explanation

Strategic Analysis

Read Explanation

Managers

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free