The three key parts of material requirement planning (MRP) are________ .
A) aggregate inventory, suppliers' invoices, and bills of laden
B) inventory records, trend analyses, and production schedules
C) the master production schedule, the bill of materials, and inventory records
D) suppliers' invoices, distribution schedules, and inventory records
E) inventory turnovers, master production schedules, and storage space

Question

The three key parts of material requirement planning (MRP) are________  .
A) aggregate inventory, suppliers' invoices, and bills of laden
B) inventory records, trend analyses, and production schedules
C) the master production schedule, the bill of materials, and inventory records
D) suppliers' invoices, distribution schedules, and inventory records
E) inventory turnovers, master production schedules, and storage space

Quizplus · Accepted Answer

The three key parts of material requirement planning (MRP) are the master production schedule (MPS), the bill of materials (BOM), and inventory records. The MPS outlines the production schedule, the BOM lists all the components and raw materials needed to produce the final product, and the inventory records track the status and availability of all materials and finished products. Together, these three elements form the foundation for effective MRP.

The Three Key Parts of Material Requirement Planning (MRP) Are________