A similarity between materials requirement planning (MRP) and distribution resource planning (DRP) is that both inventory systems:
a. require the manufacturer to keep inventory levels as high as possible.
b. help manage inventory from manufacturer to end user rather than from the suppliers to the manufacturer.
c. use various inputs, such as sales forecasts, available inventory, and so on, to determine what needs to be done to replenish goods at all points in the supply chain.
d. prohibit the use of buffer stocks as insurance against unexpected demand increases.
ANSWER: c
A similarity between materials requirement planning (MRP) and distribution resource planning (DRP) is that both inventory systems use various inputs, such as sales forecasts, available inventory, outstanding orders, lead times, and mode of transportation to be used, to determine what needs to be done to replenish goods at all points in the supply chain.
You might also like to view...
Section 11(a) of the Securities Act of 1933 explicitly imposes liability on accountants for misstatements or omissions of material facts in the information they furnish for registration statements required by the 1933 Act.
Answer the following statement true (T) or false (F)
Which of the following is the best statement of purpose for a report?
A) A wellness program will improve the health of all employees. B) Most companies offer voluntary wellness programs. C) Wellness programs have proven to be effective in improving the health of individuals. D) Establish a wellness incentive program for all employees.
If 100 units of Q are needed and 10 are already in stock, then the gross requirement is 100 and the net requirement is 90
Indicate whether the statement is true or false
Which of the following is true of available-for-sale (AFS) investments?
A) They are always reported as current assets in the balance sheet. B) They are always reported as long-term assets in the balance sheet. C) They are reported as current assets on the balance sheet only if the business expects to sell them within the first two years. D) They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year.