Describe How MRP and ERP Systems Assist Operations Management

question 88

Essay

Describe how MRP and ERP systems assist operations management.

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Definitions:

Specific Processes

Custom or particular production or operational methods used in creating goods or providing services.

Transferred Costs

Expenses that are moved from one department to another within an organization, or from one stage of production to another, often reflecting internal transactions.

Multidepartment Process

A workflow or operation that involves multiple departments within a business, often requiring cross-functional collaboration to achieve a common goal.

Transferred In Costs

Costs related to products that have been partially produced in one department and then moved to another department for further processing.