The Second Step in the Production Cycle Is Planning and Scheduling.One

question 73

Multiple Choice

The second step in the production cycle is planning and scheduling.One of the methods of production planning is referred to as pull manufacturing.This method is also known as

• A)manufacturing resource planning (MRP).
• B)just-in-time manufacturing system (JIT).
• C)the economic order quantity (EOQ)system.
• D)ahead-of-time production implementation (ATPI).

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Definitions:

Differential Profit

The difference in profit from one business alternative compared to another, used to make decisions between various options.

Alternative Use

The potential for a resource or asset to be used in a different manner or for another purpose to generate value.

Differential Cost

The disparity in expenses resulting from choosing between two options or changes in the amount of output.

Manufacturing Operations

All processes involved in converting raw materials into finished goods, including assembly, labor, and use of machinery.