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Chapter 4: Q3PE. (page 585)

This drives the MRP calculations and is a detailed plan for how we expect to meet demand.

Short Answer

Expert verified

Master Production Schedule (MPS).

Step by step solution

01

MPS

MPShelps in meeting the demand in a certain time frame with the factors including the quantity of production, resources, etc.

02

MPS process drives requirements in the MRP process

MRPhelps to focus completely on the goals and keeps everyone on the same page. Whereas, talking about the MPSthe first highlight that comes to mind is the common goal which creates the willingness to work toward the desired goals.

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Most popular questions from this chapter

This is the amount needed after considering what we currently have in inventory and what we expect to arrive in the future.

Question:When forecasting demand for new products, sometimes firms will use demand data from similar existing products to help forecast demand for the new product. What technique is this an example of?

What is the term for a computer program often used to facilitate database queries that are not part of a standard ERP system?

Should safety stock be necessary for an MRP system with dependent demand? If so, why? If not, why do firms carry it anyway?

These are orders that have already been released and are to arrive in the future.

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