The operations planning practice of inputting sales forecasts into computer software that accurately predicts the amount and timing of materials needed to complete products and projects is ________________.
A)Enterprise Resource Planning
B)Materials Requirement Planning
C)Virtual Accuracy Tool
D)Computer Based Materials Model

Question

Quizplus · Accepted Answer

This process is known as Materials Requirement Planning (MRP). MRP is a software-based system that helps businesses manage their resources efficiently by forecasting demand and tracking inventory levels to ensure materials are available when needed.

The Operations Planning Practice of Inputting Sales Forecasts into Computer