MGOC20H3 Chapter Notes - Chapter 14: Carrying Cost, Material Requirements Planning, Master Production Schedule
Document Summary
Bills of material: bill of material (bom) list of quantities of components, ingredients, and materials required to make product, parents: items above any level, components/children: items below any level, top level in bom is 0 level. Modular bills: modules are not final products to be sold but are components that can be produced and assembled into units, modular bills bills of materials for modules. Low-level coding: low-level coding item is coded at the lowest level which it occurs. Accurate inventory records: must exceed 99% accuracy in good inventory or mrp won"t work. Purchase orders outstanding: when purchase orders are executed, records of those orders and scheduled delivery dates must be available to production personnel. Lead times for components: lead time time required to acquire (purchase, produce, or assemble) an item, for manufactured items, lead time consists of move, setup, and assembly or run times.
