DANCEST 805 Lecture 12:
Document Summary
Mrp calculations are done using software that is typically embedded into enterprise resource planning systems (erp) Has data on how much material the company has. What i need to produce the end produce: net requirements. Inventory file in comparison to the gross requirements. Net requirements= gross requirements (scheduled receipts + available inventory at the end of the last period) Net requirements if safety stock is needed= (gross requirements + safety stock) (scheduled receipts + available inventory at the end of the last period: schedule receipts. The quantity of items for orders placed in the past that are to be delivered at the start of the period in which the quantity is shown. Mrp outputs include primary and secondary reports. Primary reports= schedules of planned order release that trigger purchases and the production of items at the right time. Secondary reports= provide cost, inventory, and schedule attainment information that are metrics for how the operation is performing.
