The Longer the Production and Supplier Lead Times,the ________ the MRP

question 21

Short Answer

The longer the production and supplier lead times,the ________ the MRP record's ________ should be.

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Definitions:

Cash Handling Procedures

Guidelines and methods a company follows to manage and safeguard the cash it receives and disburses.

Accounts Payable

The amount of money owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.