A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called:
A) a summarized parts list
B) where-used bill
C) planning bill
D) structured bill
E) multi-purpose bill

Question

Quizplus · Accepted Answer

A planning bill is a type of bill of material that simplifies forecasting, master production scheduling, and material requirements planning by combining certain components into a single line item. It is used when different variations of a product share common components, allowing for easier planning and organization of materials. Summarized parts lists, where-used bills, structured bills, and multi-purpose bills do not serve the same purpose as a planning bill.

A Bill of Material Whose Purpose Is to Simplify Forecasting