When we observe that the production planning system is "dynamic",we are saying
A) MRP systems can not cope with changing demand
B) Outsourcing will help stabilize arriving materials
C) CRP and MRP systems must be constantly reviewed
D) It is wise to re-plan on a weekly basis
E) None of the above
Correct Answer:
Verified
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
Q51: JIT systems work the best when the
Q52: The multilevel nature of production planning systems
Q54: ABC analysis provides insight into:
A) Total inventory
Q55: Despite the increased use of JIT systems,there
Q56: Materials Requirements Planning (MRP)is used to determine
Q57: The output of MRP and CRP systems
Q58: Opportunity cost is a measure of:
A) Inventory
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