If the Explosion of the Bill of Material Tells MRP

question 27

Essay

If the explosion of the bill of material tells MRP how much of each part is needed, how does MRP learn when each of these parts is needed?

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Definitions:

Savings Deposits

Bank accounts that pay interest on the money deposited, meant for saving rather than daily transactions.

Capital Formation

The process of building up a country's stock of real capital, such as buildings, machinery, and equipment, which is used for production.

Economy

The system of production, distribution, and consumption of goods and services within a society.

Invest Abroad

Investing abroad involves putting capital into business ventures or markets outside one's own country to diversify investments and potentially gain higher returns.