Capacity Planning and Materials Planning Are the Same

question 13

True/False

Capacity planning and materials planning are the same.

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Definitions:

Productivity

The efficiency at which individuals, businesses, or systems produce goods or provide services, often measured by output per unit of input.

Bullwhip Effect

A phenomenon in supply chain management when small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

VMI

Vendor Managed Inventory, a business model where the supplier assumes the responsibility of managing their customer's inventory levels.

Entire Inventory Process

The comprehensive procedure of managing the complete lifecycle of inventory from acquisition to sales.