Compare and contrast materials requirement planning (MRP) and enterprise resource planning (ERP)

What will be an ideal response?


Answer: Material requirements planning (MRP) helps a manufacturer get the correct materials where and when they are needed, without unnecessary stockpiling. Managers use MRP software to calculate when certain materials will be required, when they should be ordered, and when they should be delivered so that storage costs will be minimal. Because these systems are so effective at reducing inventory levels, they are used almost universally in both large and small manufacturing firms.
Enterprise resource planning (ERP) extends the scope of resource planning and management even further to encompass the entire organization. Typical ERP software programs consist of modules that address the needs of the various functional areas, from manufacturing to sales to human resources. Some companies deploy ERP on a global scale, with a single centralized system connecting all their operations worldwide.

Business

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Death or insanity of either the offeror or the offeree ordinarily terminates the offer

a. True b. False Indicate whether the statement is true or false

Business

Injection attacks variants can occur whenever one program invokes the services of another program, service, or function and passes to it externally sourced,

potentially untrusted information without sufficient inspection and validation of it. Indicate whether the statement is true or false.

Business

Spotted Frog Winery California, produces 75,000 cases of wine a year. It employs 52 full-time workers and, during harvest, another 25 people as pickers. During the 2011 harvest, some employees were unhappy about working conditions and discussed unionizing. They contacted the Winery Workers of America (WWA) for help. Spotted Frog management was upset. If it had to pay workers more (as the union

promised), the winery would lose its slim profits. Believing he was acting correctly, the president distributed a memo stating that any employee caught discussing unionization would be fired. Pierre, the wine master at Spotted Frog, was furious about the memo and became an advocate for the union cause. Management would not fire Pierre because he gave their wine its unique taste. But they did fire ten employees who spoke with Pierre. WWA collected authorization cards from employees, requested a representation election, and won a close election. The union, with Pierre as its agent, began negotiating a collective bargaining agreement. Negotiations went badly as the management rejected every proposal. WWA called a strike against Spotted Frog. After two weeks, management caved in and signed a contract, so its employees returned to work. As Pierre entered the winery, he did not see some grape skins on the floor. He slipped and was injured. Pierre filed a complaint with the NLRB, alleging unfair labor practices at Spotted Frog. Which of the following actions are likely to occur after the filing of the complaint? a. a field employee of the NLRB would investigate the claim b. Spotted Frog management would file a claim with the Fair Labor Board c. the regional director would file a complaint if the allegation had merit d. a field employee of the NLRB would investigate the claim and the regional director would file a complaint if the allegation had merit e. a field employee of the NLRB would investigate the claim and the regional director would file a complaint if the allegation had merit and Spotted Frog management would file a claim with the Fair Labor Board

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The following subscripted xs represent a sample of size n = 67 which has been ranked from smallest (x1 ) to largest (x67 ) : x1, x2, x3,…x65, x66, x67. Prepare a 5-number summary for this sample in terms of the subscripted xs

What will be an ideal response?

Business