Define the term Independent Demand and explain how it relates to the sales

and marketing activity of firms. Explain the benefits of accurate estimation of

future Demand within the context generating a reliable production plan.

Define the MRP solution approach and calculations and explain why it has

become so widely adopted in manufacturing industry. Explain all terms in the

calculation procedure and all of the MRP outputs. Compare contrast the MRP

approach with Just In Time $($JIT$)$ methods.

Produce an MRP explosion for the following assembly defined in the

following MRP Product Structure.

P$1$ Requirements: $60$ in Week $8,120$ in Week $10.$

Lead Times : SA$1=3$ Weeks, SA$2=$C$2=$C$3=1$ Week C$1=$ P$1=2$ Weeks

Stock on Hand: SA$2=70,$ C$2=86,$ C$3=30,$ P$1=20$

Scheduled Receipts :C$251$ in Week $3.$ SA$170$ in Week $3.$

Remember to hand in the properly identified MRP Sheets.