Question: Question 1 Order point inventory system is definitely better than the materials requirement planning (MRP) system in handling the raw materials. Present your view on

Question 1

Order point inventory system is definitely better than the materials requirement planning (MRP) system in handling the raw materials. Present your view on the statement.

(20 Marks)

Question 2

In production activities, variability is the differences between the actual amount and the planned target amount of activities. Describe the characteristics and the types of variability that exist in the manufacturing industry with examples from the context of the MRP system. (20 Marks)

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