Material requirement planning
3 important questions on Material requirement planning
What is master production schedule (MPS)?
A time-phased plan specifying how many of each end item the firm plans to build and when
What is available to promise?
A feature of MRP systems that identifies the difference between teh number of units currently included in the master schedule and teh actual (firm) customer orders
What is bill-of-materials (BOM)?
The complete product description, listing the materials, parts, and components; the quantity of each item; and also the sequence in which the product is created
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