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:

Five Phases

A conceptual framework or process that is divided into five distinct stages, step by step, typically used in project management and planning.

Design Thinkers

Individuals or professionals who apply creative strategies to problem solving, often using a human-centered approach.

Constraints

Limitations or restrictions that affect the process, development, or progress of projects, tasks, or endeavors, shaping the scope or outcome.

Innovation Solutions

Creative and effective responses or improvements to existing challenges or problems across various fields, including technology, business, and social issues.