The MRP Process of Subtracting On-Hand Quantities and Scheduled Receipts

question 82

Multiple Choice

The MRP process of subtracting on-hand quantities and scheduled receipts from gross requirements to produce net requirements is referred to as

• A)cycle counting.
• B)lot sizing.
• C)exploding.
• D)netting.

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Definitions:

Products

Goods or services that are created through a process and offered in the market to satisfy the needs or wants of customers.

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.

Communication

The process by which information is exchanged between a sender and a receiver.