DSCI 304 Chapter Notes - Chapter 12: Inventory Turnover, Lead Time
31 Oct 2016
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Document Summary
Manufacturing resources planning (mrp 2): expanded approach to production resources planning involving there areas of a firm in the planning process and enabling capacity requirements of planning. Net change system: approach that updates mrp records continuously. Net requirements: the actually amount needed in each time period. Order releases: authorization for the execution of planned orders. Pegging: the process of identifying the parent items that have generated a given set of material requirements for an item. Performance control reports: evaluation of system operation including deviations from plans and cost information. Planned-order receipts: quantity expected to be received by the beginning of the period in which it is shown. Planned-order releases: planned amount to order in each time period, planned order receipts offset by lead time. Planned orders: schedule indicating the amount and timing of future orders. Planning reports: data useful for assessing future material requirements.
