B A 360 Chapter Notes - Chapter 14: Master Production Schedule, Material Requirements Planning, Enterprise Resource Planning
Document Summary
Firms have found important benefits in material requirements planning (mrp) including: Better response to customers orders as the result of improved adherence to schedules. Demand for items is deponent when the relationship between the items can be determined. For any well-defined product for which a schedule can be stablished, deponent techniques should be used. Material requirements planning - dependent demand technique that uses a bill-of-material, inventory, expected receipts, and a master production schedule to determine material requirements. Enterprise resource planning (erp) - information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders. Master production schedule (mps) - specifies what is to be made and when. Schedule must be in accordance with an aggregate plan. Aggregate plan sets the overall level of output in broad terms. Ability to determine precisely the feasibility of a schedule within aggregate capacity constraints.
