role of safety stock in a material requirement planning
(MRP) system
What is the role of safety stock in a material requirement planning
(MRP) system? What is the significance of lead-time in the traditional economic
order quantity context? What is the significance of lead-time in an MRP system?
What is the importance of the master production schedule in an MRP system? What
is the importance of lead time in an order point system? What MRP concepts has
your organization implemented? Were these implementations successful? Why or
why not? Can you find any theory to support you input?
………..Answer Preview…………
Material Requirement Planning
1).The role of safety stock in a material requirement planning system (MRP) is to ensure there is enough inventory incase of fluctuations within internal and external supply.
2)The significance of lead-time in the traditional economic order quantity context is that, lead-time is usually time fixed as probability distribution…………………
APA
202 words
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