Figure 3-2 
-Refer to Figure 3-2. Assume that both Paul and Cliff divide their time equally between the production of corn and wheat, and they do not trade. If they were the only producers of corn and wheat, what would the total production of wheat and corn be?
Definitions:
MRP Tables
Material Requirements Planning Tables are tools used in manufacturing to ensure that materials are available for production and products are available for delivery to customers, synchronizing supply with demand.
Bill of Material
A comprehensive list detailing the raw materials, parts, and components, including quantities, required to produce a product.
Lot-For-Lot
An inventory replenishment strategy where the order quantity matches exactly the demand for the next period, aiming to minimize holding costs.
Gross Requirements
The total amount of materials or products needed to meet the production schedule without accounting for any inventories on hand.
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