Question: It has been said that MRP is an information system
It has been said that MRP is an information system that does not rely on sophisticated mathematical models. Discuss the historical significance of this statement.
Answer to relevant QuestionsHow does the work of an operations manager differ from the work of a marketing manager or a finance manager? How are these functions similar? Give two examples of a distinctive competence that can be sustained and not easily duplicated. Explain why it is hard to copy these distinctive competencies. With regard to inventory management, discuss the difference between a replenishment philosophy and a requirements philosophy. The following information is given for a particular part. Using a lead time of two weeks, complete the table. A telephone is assembled from a handset and a base. The handset in turn is assembled from a handle and a cord, and the base is assembled from a case, a circuit board, and a face plate. A BOM and a sketch of the phone, along ...
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