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MRP
Part 1 of Paper
....erfaces such as finance, marketing, and integrated logistics. Like I, II is a push inventory model which pushes product through manufacturing and distribution processes in order to meet forecast demand. However, it adds further dimensions to the basic model. II not only considers the inbound flow of material, but a.... Part 2 of Paper
....operations. It consists of a variety of functions of modules and includes production planing, resource requirement planning, master production scheduling, materials requirements planning ( I), shop floor control, and purchasing.
Process of II
Step 1 - Market Demand; the process begins with an aggregation demand from all sources. Examples of sources are firms’ orders, forecasts, and safety stock requirements.
Step 2- Production Plan; with inputs from manufacturing, finance, and marketing, t.... |
| Number of words: 1631 - Approximate pages: 6 |
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