What Is a Key Feature of Materials Requirements Planning (MRP)

question 104

Multiple Choice

What is a key feature of materials requirements planning (MRP) ?

• A)minimize or entirely eliminate carrying and stockout costs
• B)reduce required inventory levels by scheduling production rather than estimating needs
• C)determine the optimal reorder point
• D)determine the optimal order size

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Definitions:

Early Stages

The initial phases or periods in the development or progression of something.

Monitoring

The process of observing and checking the progress or quality of something over a period of time.

Marginalization

Refers to the process by which certain groups are pushed to the edge of society by denying them access to resources and opportunities, leading to their decreased agency and participation in social, economic, and political life.

Action Plan

A detailed strategy outlining steps or measures needed to achieve a specific goal or solve a problem.