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According to the text, what do we know about peer ratings?
MRP
Material Requirements Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes.
Phantom Bills
Virtual or imaginary bills of materials used for planning and process mapping without affecting actual inventory.
Bills Of Material
A comprehensive list detailing all raw materials, components, and assemblies required to produce a finished product.
Variable Lead Times
Occurs when the time it takes for suppliers to deliver materials or components fluctuates, affecting inventory management and production planning.
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