Lecture 07: Information flow COPY Flashcards
1
Q
What is MRP? (2)
A
Planning engine in ERP
Material
Resource
Planning
2
Q
What does ERP? (4)
A
a centralized platform, that integrates transaction-oriented data and business processes in the areas:
- HR,
- production,
- finance and accounting,
- planning,
- sales and marketing
3
Q
What is the meaning for ERP? What is it? (2)
A
Software systems that helps manage a company.
ERP stands for …
- Enterprise
- Resource
- Planning.
4
Q
What does MRP? (2)
A
Determines the timing and quantities to order, to meet a given production schedule.
5
Q
What information is needed to make a material plan? (3)
A
- Production schedule
- Bill of materials (BOM)
- Inventory levels / records
Just a drawing:
6
Q
What types of demand exist?
Explain both of them! (2)
A
Dependant:
items that are subassemblies or components used in the production of finished goods.
Independent:
end-products required by the customer.
7
Q
When is the dependent demand determined?
A
After the independent demand is known
