Which Type of Operational Planning Uses Materials Requirement Planning Systems

question 24

Multiple Choice

Which type of operational planning uses materials requirement planning systems?

• A) Strategic planning
• B) Tactical planning
• C) Operational planning and control
• D) All of the above depending on the industry

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Definitions:

Competition

The rivalry between businesses or individuals over customers, market share, and resources.

Business Model Canvas

A strategic management tool used to develop new or document existing business models, visually outlining a company's value proposition, infrastructure, customers, and finances.

Value Creation

The process through which businesses or organizations develop products, services, or experiences that are valuable to customers, thereby driving growth or profitability.

Idea Generation

The creative process of generating, developing, and communicating new ideas, which is the initial step in the innovation process.