Use this material requirements planning record to explain how kanbans and MRP can be used together.This plant operates on a 40-hour week,and uses a 10% safety factor on a container size of 20 units with a half-day turnaround time on a container.What features of each system should be used and for what purposes?
Definitions:
Net Method
An accounting method for recording purchases where the purchase price includes a cash discount for early payment, emphasizing the net price as the expected payment amount.
Credit Terms
The conditions under which credit will be extended to a borrower, including the repayment schedule, interest rate, and any other terms and conditions.
Periodic Inventory System
A method of accounting for inventory where updates to the inventory records are made periodically, typically at the end of an accounting period, rather than after each transaction.
Net Method
An accounting method where purchases are recorded at their net amount after deducting any purchase discounts.
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