Lp7 Assignment: Materials Planning For Understanding The Concept

Chapter 16 OutlineMaterial PlanningThis chapter discuss the application of computerized planning and control systems called the Material Requirement Planning and the Enterprise Recourse Planning systems in both the manufacturing and service industry. Components of MRP SystemsIndependent- demand inventoryDependent-demand inventoryMaster schedule-explosion of partsApplications of MRPType I: Inventory control system Type II: Production and inventory control system Enterprise Resource Planning MRP vs Order SystemsRequirement philosophyThe use of forecastingControl systemObjectiveType of inventory Part explosion Bill of materialPlanned lead timeMaterial planGross requirementNet requirementPlanned release orderSuccessful MRP implementationImplementation planning Availability of adequate Accurate dataAccurate BOMAccurate inventory recordManagement support for the projectKnowledge of the levels of the firmEnterprise Resource Planning Extends the functions of the MRP systemsExtends MRP into sales and marketing Extends MRP functions to HR management