One of the Tools That Is Particularly Useful in Reducing

question 50

Multiple Choice

One of the tools that is particularly useful in reducing the system nervousness in the MRP system is (are)

• A) modular bills
• B) time phasing
• C) time fences
• D) lot sizing
• E) closed loop system

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Definitions:

Bullwhip Effect

A phenomenon in supply chains where small changes in consumer demand cause larger and more amplified fluctuations in orders and inventory levels up the supply chain.

Profitability

A financial metric indicating the degree to which a company or project generates income or profit compared to its costs and investments.

Product Availability

The degree to which products are in stock and ready to be sold or delivered to customers, impacting customer satisfaction and sales.

Bullwhip Effect

A phenomenon where inaccuracies in demand forecasts cause fluctuations and inefficiencies in the supply chain.