Describe three factors that contribute to MRP success
Three key factors that contribute to success are the following:
· The hardware and software have to be carefully set up to fit with the organization's method of doing business. Often companies try to speed this process up and suffer serious problems.
· The users of the system need to be thoroughly trained in the system, including allowing them some time to practice in a low-pressure situation.
· The input data need to be close to 100% accurate because MRP will magnify any inconsistencies.
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When Home Depot stores entered the Canadian market, there were already stores providing similar services and products
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What is the major advantage of the weighted average cost method?
A) simplicity B) accuracy C) it is the required method D) it is the preferred method
The right of the states to regulate the business of insurance was first established by
A) the South-Eastern Underwriters Association case. B) the case of Paul v. Virginia. C) the Financial Modernization Act. D) the Sherman Act.
Which of the following statements is true of systems development for bigger systems and longer projects?
A) The diseconomies of scale are reduced. B) The changes in requirements are increased. C) The average contribution per worker is increased. D) The project budgeting and scheduling becomes easy.