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Producers in the BRICs Have Sought to Buy Old Technology

question 66

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Producers in the BRICs have sought to buy old technology for small cars from western auto companies in order to ensure that the cars produced suit the needs of the domestic market.


Definitions:

MRP System

Material Requirements Planning (MRP) System is a software-based production planning and inventory management system used in manufacturing.

Short-Term Scheduling

The process of organizing, managing, and allocating resources for tasks or jobs that need to be accomplished within a relatively short period.

Strategic Importance

The significance of an action, decision, or project in relation to the overall goals, objectives, and long-term success of an organization.

Master Schedule

A detailed plan that outlines the production and delivery schedule of final products to ensure the efficient management of production operations.

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