MRP Is a Technique That Helps Managers

question 1

Multiple Choice

MRP is a technique that helps managers

• A) develop a reliable sales forecast.
• B) schedule the sequence of tasks workers must perform in order to complete a project.
• C) determine how many workers are needed to staff various departments.
• D) make sure that the right parts and materials are available at the right time.

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Definitions:

Order Fulfillment

The complete process from point of sale to delivery of a product to the customer, including processing, picking, packing, and shipping.

Marketing

The activities, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

SRM

Supplier Relationship Management (SRM) is the systematic, strategic coordination of business processes between an organization and its suppliers to optimize the value delivered through the supply chain.

Supplier Evaluation

The process of assessing and approving potential suppliers by quantitative and qualitative assessment.