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Term Material requirements planning (MRP) | | Definition A dependent demand technique that uses bill-of-material, inventory, expected receipts, and a master production schedule to determine material requirements. | |
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Term Master production schedule (MPS) | | Definition A timetable that specifies what is to be made (usually finished products) and when. | |
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Term | Definition A listing of the components, their description, and the quantity of each required to make one unit of a product. | |
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Term | Definition Bills of material organized by major subassemblies or by product options. | |
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Term | Definition A material grouping created in order to assign an artificial parent to a bill of material; also called "pseudo" bills. | |
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Term Phantom bills of material | | Definition Bills of materials for components, usually assemblies, that exist only temporarily; they are never inventoried. | |
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Term | Definition A number that identifies items at the lowest level at which they occur. | |
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Term | Definition In purchasing systems, the time between recognition of the need for an order and receiving it; in production systems, it is the order, wait, move, queue, setup, and run times for each component. | |
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Term Gross material requirements plan | | Definition A schedule that shows the total demand for an item (prior to subtraction of on-hand inventory and scheduled receipts) and (1) when it must be ordered from suppliers, or (2) when production must be started to meet its demand by a particular date. | |
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Term | Definition The result of adjusting gross requirements for inventory on hand and scheduled receipts. | |
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Term | Definition The quantity planned to be received at a future date. | |
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Term | Definition The scheduled date for an order to be released. | |
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Term | Definition Frequent changes in an MRP system. | |
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Term | Definition A means for allowing a segment of the master schedule to be designated as "not to be rescheduled". | |
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Term | Definition In material requirements planning systems, tracing upward in the bill of material from the component to the parent item. | |
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Term | Definition Time units in a material requirements planning system. | |
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Term | Definition The process of, or techniques used in, determining lot size. | |
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Term | Definition A lot-sizing technique that generates exactly what is required to meet the plan. | |
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Term Periodic order quantity (POQ) | | Definition An inventory ordering technique that issues orders on a predetermined time interval, with the order quantity covering the total of the interval's requirements. | |
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Term Material requirements planning II (MRP II) | | Definition A system that allows, with MRP in place, inventory data to be augmented by other resource variables; in this case, MRP becomes material resource planning. | |
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Term | Definition A system that provides feedback to the capacity plan, master production schedule, and production plan so planning can be kept valid at all times. | |
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Term | Definition A report showing the resource requirements in a work center for all work currently assigned there as well as all planned and expected orders. | |
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Term Distribution resource planning (DRP) | | Definition A time-phased stock-replenishment plan for all levels of a distribution network. | |
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Term Enterprise resource planning (ERP) | | Definition An information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders. | |
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Term Efficient consumer response (ECR) | | Definition Supply chain management systems in the grocery industry that tie sales to buying, to inventory, to logistics, and to production. | |
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