Question: The function of determining the need to replenish inventory at branch warehouses. A time - phased order point approach is used where the planned orders
The function of determining the need to replenish inventory at branch warehouses. A timephased order point approach is used where the planned orders at the branch warehouse level are exploded via MRP logic to become gross requirements of the supplying source.
ABCDEF
In production, the production of items only as demanded for use or to replace those taken for use.
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In distribution, a system for replenishing field warehouse inventories where replenishment decision making is centralized, usually at the manufacturing site or central supply facility.
ABCDEF
In general, a quantity of stock planned to be in inventory to protect against fluctuations in demand or supply.
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The activities and techniques of maintaining the desired levels of items, whether raw materials, work in process, or finished products.
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A method of inventory control that includes most of the systems in practice as special cases. In this system, when an order is received for any item, it is used as a picking ticket, and duplicate copies, called replenishment orders, are sent back to all stages of production to initiate replenishment of stocks.
A
inventory control
B
pull system
C
distribution requirements planning DRP
D
safety stock
E
base stock system
F
push system
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