The difference between MRP and MRP II is:
A) MRP is closed loop
B) MRP II is the advanced version of MRP
C) MRP II can be used to adjust schedule changes
D) MRP II is a closed loop and primarily converts operating production plans into financial data
E) MRP is the "umbrella" system for MRP II
Correct Answer:
Verified
Q40: EOQ gives the delivery quantity when the
Q41: The two costs associated with inventories are:
A)
Q42: The relationship between the aggregate plan and
Q43: EOQ analysis seeks to reveal:
A) The lowest
Q44: The function of Capacity Requirements Planning (CRP)is
Q46: Just-In-Time (JIT)production planning relies on:
A) Close to
Q47: The inventory catalog is a useful tool
Q48: The inventory/open order netting concept is used
Q49: A major impact of JIT on purchasing
Q50: In a majority of firms,forecasting demand is
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