Logistics & Scm
Question No. 1.
Write Short Notes on: 1. Materials Requirement Planning
Material Requirements Planning (MRP) is a computer-based production planning and inventorycontrol system. MRP is concerned with both production scheduling and inventory control. It isa material control system that attempts to keep adequate inventory levels to assure that requiredmaterials are available when needed. MRP is applicable in situations of multiple items with complexbills of materials. MRP is not useful for job shops or for continuous processes that are tightly linked.
The major objectives of an MRP system are to simultaneously: 1. Ensure the availability of materials, components, and products for planned production and for customer delivery 2. Maintain the lowest possible level of inventory, 3. Plan manufacturing activities, delivery schedules, and purchasing activities.
MRP is especially suited to manufacturing settings where the demand of many of the componentsand subassemblies depend on the demands of items that face external demands. Demand for enditems are independent. In contrast, demand for components used to manufacture end items dependon the demands for the end items. The distinctions between independent and dependent demandsare important in classifying inventory items and in developing systems to manage items within eachdemand classification. MRP systems were developed to cope better with dependent demand items.The three major inputs of an MRP system are the master production schedule, the productstructure records, and the inventory status records. Without these basic inputs the MRP systemcannot function.
MRP is especially suited to manufacturing settings where the demand of many of the components and subassemblies depend on the demands of items that face external demands. Demand for enditems are independent. In contrast, demand for components used to manufacture end items dependon the demands for the end items. The distinctions between independent
Write Short Notes on: 1. Materials Requirement Planning
Material Requirements Planning (MRP) is a computer-based production planning and inventorycontrol system. MRP is concerned with both production scheduling and inventory control. It isa material control system that attempts to keep adequate inventory levels to assure that requiredmaterials are available when needed. MRP is applicable in situations of multiple items with complexbills of materials. MRP is not useful for job shops or for continuous processes that are tightly linked.
The major objectives of an MRP system are to simultaneously: 1. Ensure the availability of materials, components, and products for planned production and for customer delivery 2. Maintain the lowest possible level of inventory, 3. Plan manufacturing activities, delivery schedules, and purchasing activities.
MRP is especially suited to manufacturing settings where the demand of many of the componentsand subassemblies depend on the demands of items that face external demands. Demand for enditems are independent. In contrast, demand for components used to manufacture end items dependon the demands for the end items. The distinctions between independent and dependent demandsare important in classifying inventory items and in developing systems to manage items within eachdemand classification. MRP systems were developed to cope better with dependent demand items.The three major inputs of an MRP system are the master production schedule, the productstructure records, and the inventory status records. Without these basic inputs the MRP systemcannot function.
MRP is especially suited to manufacturing settings where the demand of many of the components and subassemblies depend on the demands of items that face external demands. Demand for enditems are independent. In contrast, demand for components used to manufacture end items dependon the demands for the end items. The distinctions between independent