Compare and Contrast MRP Systems and Order Point Systems of Managing

question 29

Essay

Compare and contrast MRP systems and Order Point systems of managing inventories.When do you prefer MRP systems to Order Point Systems? Can MRP systems be used while managing capacity in a factory? Provide sufficient justification for your answer.

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Definitions:

Workers' Expectancies

The beliefs or anticipations employees hold regarding outcomes related to their job efforts or performance.

Goals

Targets or outcomes that an individual, group, or organization strives to achieve or accomplish.

Motivators

Factors that directly increase employees' satisfaction and motivation to perform, including recognition, challenging work, and opportunities for growth.

Easy Goals

Targets or objectives that are thought to be attainable with relatively little effort or difficulty.