Chapter 3: Problem 13

What is the difference between a planned order receipt and a planned order release? How does a scheduled receipt differ from a planned order release?

Short Answer

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Answer: A planned order receipt is a future inflow of materials or goods that are scheduled to be received, while a planned order release is the authorization to initiate production, assembly, or purchasing of materials needed for the fulfillment of a scheduled demand. On the other hand, a scheduled receipt is an existing confirmed order and represents a definite commitment to deliver the materials or goods on a specific date.

Step by step solution

Define Planned Order Receipt

A planned order receipt is a future inflow of materials or goods that are scheduled to be received by a company or a production unit, which is yet to be executed. It may also refer to the completion of a manufacturing order that results in the availability of goods for sale or for further processing.

Define Planned Order Release

A planned order release is the authorization to initiate production, assembly, or purchasing of materials needed for the fulfillment of a scheduled demand or sales forecast. It specifies the needed quantity, the release date, and materials required for the production of goods.

Define Scheduled Receipt

A scheduled receipt is an existing order that has been confirmed and is in the process of being delivered. Unlike a planned order receipt, which is a future projection, a scheduled receipt represents a more definite commitment and a higher degree of certainty that the materials or goods will be received on a specific date.

Differentiate Planned Order Receipt and Planned Order Release

While both planned order receipt and planned order release deal with the production, assembly, and procurement of materials needed to fulfill a forecasted demand or sales, they are different stages of the material flow. The planned order receipt represents the inflow of materials, whereas the planned order release is the initiation or authorization for the process.

Differentiate Scheduled Receipt and Planned Order Release

A planned order release is focused on the initiation of the production or procurement process in response to a future demand. In contrast, a scheduled receipt is an existing confirmed order that represents a definite commitment to deliver the materials or goods to the company, and hence, distinct from a planned order release.

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What is the difference between a planned order receipt and a planned order release? How does a scheduled receipt differ from a planned order release?

Short Answer

Step by step solution

Define Planned Order Receipt

Define Planned Order Release

Define Scheduled Receipt

Differentiate Planned Order Receipt and Planned Order Release

Differentiate Scheduled Receipt and Planned Order Release

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