Lean Practices Will Change the Material Requirements Planning Process By

question 14

Multiple Choice

Lean practices will change the material requirements planning process by:

• A) reducing the number of levels in the bill of material
• B) making the bill of material more complex
• C) increasing the need for offsetting
• D) increasing the need for netting
• E) eliminating the need for MRP

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Definitions:

Interim Report

A financial statement covering a period of less than one fiscal year that provides updates on a company's performance and financial position between annual reports.

Operating Results

The outcome of a company's core business operations, indicating profitability or loss over a certain period.

Fiscal Year

A 12-month period used by governments and businesses for accounting purposes, which may or may not align with the calendar year.

Quarterly Reporting

The process of disclosing a company's financial performance and position every three months to stakeholders.