Briefly describe the basic aspects of MRP (material requirements planning or manufacturing resource planning). (b) What is
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Question:
Briefly describe the basic aspects of MRP ("material requirements planning" or "manufacturing resource planning").
(b) What is the fundamental inadequacy of MRP systems when applied to scheduling?
(c) Describe the basic elements of the Just-In-Time (JIT) philosophy. (d) How do JIT and MRP differ?
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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