The First Step in Materials Requirements Planning Is Establishing The

question 28

Multiple Choice

The first step in materials requirements planning is establishing the:

• A)desired minimum raw materials inventory level.
• B)finished goods inventory level.
• C)cost of each order.
• D)delivery time required for each type of raw material.
• E)value of each inventory item as a percent of total inventory.

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Definitions:

IT Architecture

The organizational design of an information technology system, defined by its hardware, software, and network resources, to effectively support the goals of the business.

Long-Range Goals

Objectives or targets that an individual, group, or organization aims to achieve over an extended period, usually several years or more.

Objectives

Defined goals or targets that an individual, group, or organization aims to achieve within a specific timeframe.

IS Function

Pertains to the activities and responsibilities of the Information Systems department within an organization, including managing data, technology, and support.