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Explain how the graph of
Gross Requirements
The total demand for a component or raw material before considering inventory on hand or scheduled receipts.
Product A
A placeholder name for a specific item or good produced by a company.
Lot-Sizing Algorithms
Mathematical formulas designed to determine the optimal order quantity that minimizes the total costs, including ordering and holding costs.
MRP
A system known as Material Requirements Planning calculates the necessary components and materials for manufacturing a product.
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