Which of the Following Are Accurate Statements Concerning MPS,MRP and Capacity

question 57

Multiple Choice

Which of the following are accurate statements concerning MPS,MRP and capacity requirements planning (CRP) ? I) CRP is equivalent to a master production schedule (MPS) .
II) CRP is needed to determine if an MPS is feasible.
III) CRP is an input to MRP.
IV) Planned-order releases from MRP are the inputs for CRP.

• A)CRP is equivalent to a master production schedule (MPS).
• B)CRP is an input to MRP.
• C)CRP is needed to determine if an MPS is feasible
• D)Planned-order releases from CRP are the inputs for MRP

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Definitions:

Value Creation

The process of generating additional worth through products, services, or activities, enhancing the value offered to customers or stakeholders.

Competitive Market

A market structure characterized by a large number of buyers and sellers, ensuring no single entity can dictate prices.

Customer's Willingness

The degree to which customers are prepared to engage with or purchase products and services.

Value Chain Functions

Activities that companies perform to add value to a product or service, including design, production, marketing, and after-sales service.