ch8 Flashcards
material planning
objective is to balance supply and demand. answers what how and when to produce supply
material planning
objective:balance supply and demand
procurement types
1-in house (production)
2-external (procurement)
3-both
4-none
3 MRP types
1-consumption based planning
2-materials requirements planning (MRP)
3-materials production scheduling (MPS)
consumption based planning
plan out requirements using historical data
reorder point planning
two numbers: reorder point and safety stock
difference between ROP and safety stock used during replenishment lead time
MPS
-usually used for more critical or valuable products, only calculate needs for first level BOM items
lot size key
helps determine what lot size needed.
1-fixed lot size
2-lot for lot
3-replenishment up to maximum stock level
lot size
value that prevents companies from ordering in non economic quantities
lot for lot
order exact quantity that you need/is missing
fixed lot size
use lot size found in material master. ex: pallet size
replensihment up to max level
pretty much order max level at top of the triangle
scheduling times
time needed to procure necessary materials
1-in house production time
2-planned deliv time(mail shipping time)
3-goods receipt(unpack boxes)
in house production times
1-setup
2-processing
3-interoperation
planning time fence
prevents ERP system from programmed automatic changesq