The MRP Process of Subtracting On-Hand Quantities and Scheduled Receipts

question 82

Multiple Choice

The MRP process of subtracting on-hand quantities and scheduled receipts from gross requirements to produce net requirements is referred to as

• A)cycle counting.
• B)lot sizing.
• C)exploding.
• D)netting.

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Definitions:

Consumer Packaged-goods

Products that are sold in a packaged form, which consumers use up and replace on a frequent basis.

Exclusive Distribution

Strategy in which only selected retailers can sell a manufacturer’s brand.

Retailing

The set of business activities that add value to products and services sold to consumers for their personal or family use; includes products bought at stores, through catalogs, and over the Internet, as well as services like fast-food restaurants, airlines, and hotels.

Daisy Brand

A company known for its dairy products, especially sour cream and cottage cheese, emphasizing quality and natural ingredients.