Examlex
Which of the following statements is false?
Aggregate Planning
A marketing activity that aims to balance supply and demand by determining the most efficient level of production over a given time frame.
MRP
Material Requirements Planning, a system for managing manufacturing processes by determining material requirements and scheduling production activities.
Gross Material Requirements
The total amount of raw materials needed to produce a particular quantity of finished goods, without accounting for waste or efficiency variations.
Inventory On Hand
The total quantity of goods available and stored by a business at any given time.
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