Explain Why MRP Does a Better Job of Estimating the Need

question 155

Essay

Explain why MRP does a better job of estimating the need to replenish inventory items than does the fixed order quantity system in a dependent demand environment.

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Definitions:

Opportunities

Situations or conditions that present possibilities for advancement, growth, or success in personal, professional, or organizational contexts.

Bureaucratic Rules

Formal regulations and procedures established by organizations or governments to control and manage operations.

Policies

Guidelines or principles that govern the operations, decisions, and actions within an organization.

New Assignments

Tasks or projects that are allocated to an individual or team for the first time.