Through MRP logic, the               is exploded through the product's bill of material to drive time-phases requirements for the product's components.  planned order releases inventory status strategic business plan master production schedule forecast

The primary inputs to  MRP  areMultiple Choiceinventory records, master production schedule, bill of materials (BOM).inventory records, master production schedule, fixed-period order intervals.inventory records, planned–order receipts, part-period balancing program.inventory records, planned–order receipts, net requirements.

If a component is a "buy" item, the MRP process output will drive                as opposed to production requirements.  purchasing distribution forcasting capacity

MRP is a computer based operations management system that uses ______ to make sure that needed parts and materials are available at the right time and place.Multiple choice question.customer feedbacksales forecastsinventory recordsdaily accounting reports

A functioning MRP system is required prior to adopting lean planning and control systems.Group startsTrue or False

Which of the following statements is not an objective of Material Requirements Planning (MRP)?Group of answer choicesMaintain the lowest possible level of inventoryEnsure the availability of materials, components and products for planned productionPlan manufacturing activities, delivery schedules and purchasing activitiesEnsure the availability of materials, components and products for customer deliveryNegotiate with suppliers to modify material properties (e.g. tensile strength, thermal conductivity, etc.) to maximise production financial gains