The basic approach of __________ requires that lot-sizing and lot-timing decisions be made first for the finished product so that sufficient finished products will be available to support the master production schedule.
A) material requirements planning
B) aggregate planning
C) long-term system design
D) master production scheduling
E) inventory management

Question

Quizplus · Accepted Answer

Material Requirements Planning (MRP) is the approach that requires lot-sizing and lot-timing decisions to be made first for the finished product to ensure that sufficient finished products are available to support the master production schedule. This system calculates the material requirements and schedules necessary to fulfill the master production schedule, starting with the end products and working backward to determine the raw materials and components needed.

The Basic Approach of __________ Requires That Lot-Sizing and Lot-Timing