List the Universal Guides for Success

question 11

Short Answer

List the universal guides for success:

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Definitions:

Dependent Demand

The demand for items that are directly influenced by the demand for other items, such as components of a final product.

Product Structure Trees

Diagrams that represent the hierarchical relationship between a final product and its raw materials, components, and subassemblies.

Bills-of-Material

A comprehensive list detailing the raw materials, parts, and components needed to manufacture a product, including quantities and specifications.

Closed-Loop MRP

A manufacturing resource planning approach that incorporates feedback mechanisms to adjust and improve planning activities based on actual performance.