Inventory Systems for Dependent Demand
Chapter Objectives
• Explain the changing role of materials requirements planning (MRP) within a manufacturing organization.
• Discuss the role of MRP within an enterprise resource planning(ERP) system.
• Introduce the fundamental concepts and calculations that drive MRP system.
• Define the various elements that makeup an MRP system.
• Demonstrate how MRP-related systems are applied in service operations.
• Recognize that MRP and JIT can be used together within an organization
