Examlex
The following data apply to Stratford Ltd
Calculate the amount of direct materials used during the year.
Capacity Requirements Planning (CRP)
A process used in manufacturing and production planning to determine the resources needed to meet production goals.
Materials Requirement Plan
A system used in manufacturing to calculate the materials and components required to manufacture a product, ensuring materials are available for production as needed.
Machine Flexibility
The capability of a machine to be quickly reconfigured or adapted to handle different products or tasks.
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