Describe how MRP systems assist operations management.
What will be an ideal response?
Materials requirement planning (MRP) is a system that integrates operations and inventory control with complex ordering and scheduling. MRP involves developing a process for ordering raw materials and components at the right time and in the right quantity so that they arrive shortly before their scheduled transformation into outputs and appropriate work in process is ready as needed. MRP becomes more important as retailers are placing smaller orders with less lead time.
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Bella, Inc. manufactures two kinds of bags—totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $25,250. Additional estimated information is given below.
Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.)
A) 101.00%
B) 50.15%
C) 100.40%
D) 1.51%
The first step in the job search process is to analyze yourself and your professional qualifications
Indicate whether the statement is true or false
A manager is comparing the total maintenance (preventive plus breakdown) cost curves for two scenarios. The graphs have maintenance commitment on the x-axis and costs on the y-axis
Scenario A includes the direct breakdown maintenance costs, while Scenario B includes the "full" (direct and indirect) breakdown maintenance costs. Which of the following should the manager notice when going from Scenario A to Scenario B? A) Total cost is decreased. B) Optimal point is moved to the left. C) Optimal point is moved to the right. D) Preventative maintenance cost slope is increased. E) None of the above
Artificially manipulated pricing between joint venture corporations is known as transfer pricing
Indicate whether the statement is true or false