Closed-Loop MRP

question 14

Multiple Choice

Closed-loop MRP:

• A)is a system which closes the loop between the supplier and the purchaser.
• B)provides a feedback loop between capacity and the master production schedule.
• C)requires a feedback loop between purchasing and accounting.
• D)requires a check between the master production schedule and inventory.
• E)allows a unit manager to sequence jobs done in that department.

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Definitions:

Process Innovation

A strategy that focuses on improving or creating new processes within a company to enhance productivity and efficiency.

Software

Programs and operating information used by a computer to perform specific tasks.

Reverse Innovation

A strategy where goods or services are developed first for emerging markets, and then adapted for more developed ones.

Diverse Settings

Various environments or situations that are distinct in character, culture, or composition.