To implement a MRP system successfully,a high degree of inventory and bill-of-material accuracy is required.This may involve significant change in how a firm operates.

Question

Quizplus · Accepted Answer

MRP (Material Requirements Planning) is a computerized system for inventory and production planning. For MRP to work efficiently, inventory and bill-of-material accuracy is essential. This may require significant changes in the way a company operates, including improving inventory accuracy through inventory control systems, cycle counting, and improving accuracy in bills of material by reviewing and updating them regularly. Hence, the statement is true, and option A is correct.

To Implement a MRP System Successfully,a High Degree of Inventory