Open-Loop MRP Implies That Many Functions Such as Manufacturing Control,supplier

question 50

True/False

Open-loop MRP implies that many functions such as manufacturing control,supplier scheduling,and dispatching are included in the overall system.Also,feedback is provided by the execution functions so that the planning can be kept valid at all times.This is in contrast to closed-loop MRP.

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Definitions:

Reasonable Care

A legal standard that requires individuals or entities to act with the caution and diligence that a prudent person would under similar circumstances.

Bailment

The transfer of possession of personal property from one person to another with the understanding that the property will be returned.

Mutuum

An ancient legal term referring to a loan agreement where one party agrees to lend something that must be returned in kind and quantity, typically involving consumables.

Sole Benefit

refers to the principle that an action or decision must be made with the intention of benefiting only the specified individual or entity, not others.