ERP, MRP, MRP II, CRP

Master production schedule is

• An approach of determining the number of parts, compo­nents, and materials needed to produce each end item

• A list of quantities of components, ingredients and materials required to make a product

• A list specifies which end items or finished products a firm is to produce, how many are needed, and when they are needed

MRP is

• An approach of determining the number of parts, compo­nents, and materials needed to produce each end item

• A list of quantities of components, ingredients and materials required to make a product

• A list specifies which end items or finished products a firm is to produce, how many are needed, and when they are needed

Bill of materials is

• An approach of determining the number of parts, compo­nents, and materials needed to produce each end item

• A list of quantities of components, ingredients and materials required to make a product

• A list specifies which end items or finished products a firm is to produce, how many are needed, and when they are needed

ERP is

• a software that organizes and manages a company’s business processes by sharing information across functional areas

• a computerized system that projects the load from a given material plan onto the capacity of a system and identifies underloads and overloads

• a computerized inventory control and production planning system for generating purchase orders and work orders of materials, components, and assemblies

MRP is

• a software that organizes and manages a company’s business processes by sharing information across functional areas

• a computerized system that projects the load from a given material plan onto the capacity of a system and identifies underloads and overloads

• a computerized inventory control and production planning system for generating purchase orders and work orders of materials, components, and assemblies

CRP is

• a software that organizes and manages a company’s business processes by sharing information across functional areas

• a computerized system that projects the load from a given material plan onto the capacity of a system and identifies underloads and overloads

• a computerized inventory control and production planning system for generating purchase orders and work orders of materials, components, and assemblies

MRP is most valuable to

• companies involved in assembly operations and least valuable to those in fabrication

• companies involved in fabrication operations and least valuable to those in assembly

MRP is used for

• dependent and discrete demand items

• independent and discrete demand items

• complex and fabricate-to-order products

Approach that integrates finance, accounting, accounts payable, and other business processes into the production scheduling and inven­tory control functions is a

• MRP II

• ERP

• CRP

........ demand is usually determined by external market conditions and, thus, is beyond the direct control of the organization

• independent

• dependent