Question: 1. What do we mean when we say that MRP is based on dependent demand? 2. From the MRP Computer Program explosion in the text,

1. What do we mean when we say that MRP is based on dependent demand? 2. From the MRP Computer Program "explosion" in the text, explain what makes up the "net requirements in an MRP process. 3. From that, simply explain what Planned-Order receipts are. 4. Also from that, explain what a Planned-Order Release is. 5. Many firms and organizations using MRP update data on a weekly or biweekly basis. Would it be more valuable to update on a daily basis? Discuss why or why not. 6. Discuss the importance of the Master Production Schedule as used in an MRP system. 7. What types of data are on a Bill of Materials file? 8. What types of data are on the Inventory Record file

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