The MRP Controller ________

question 3

Multiple Choice

The MRP controller ________

• A)Is a step in the planning process in which PIRs are transferred to demand management.
• B)Uses variety of reports and makes adjustments to procurement proposals,as needed.
• C)Transfers CIRs into PIRs.
• D)Is a planning tool that generates forecasts.
• E)Monitors material availability.

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Definitions:

Collection Time

The typical duration required for a company to collect payments due from its clients.

Amounts

Amounts refer to the quantities or sums of money involved in financial transactions or measurements.

Net Present Value

A calculation that compares the value of money now with the value of that money in the future, accounting for inflation and returns.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, involving the collection and processing of cheque payments at a secure location.