Question: Define the term Independent Demand and explain how it relates to the sales Mar and marketing activity of firms. Explain the benefits of accurate estimation

Define the term Independent Demand and explain how it relates to

Define the term Independent Demand and explain how it relates to the sales Mar and marketing activity of firms. Explain the benefits of accurate estimation of future Demand within the context generating a reliable production plan. i Define the MRP solution approach and calculations and explain why it has become so widely adopted in manufacturing industry. Explain all terms in the 10 calculation procedure and all of the MRP outputs. Compare contrast the MRP approach with Just In Time (JIT) methods

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