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Discuss the importance of the master production schedule in an MRP system?
The master production schedule “drives” the system. It states the planned due dates for end items. Material requirements planning computer runs, however, involve an iterative process. The master production schedule “proposes” or “hypothesizes” a tentative schedule. After the MRP run with this schedule, the shop scheduler examines the MRP plan for impractical loads on the productive system—either by stating excessive demands on personnel or equipment, or in excessive idle time. Then the master production schedule is revised and the program is run again.
What is scheduled receipts?
Scheduled receipts refer to the expected incoming inventory or materials that a company has planned to receive within a specific time frame. These receipts are often part of a company’s inventory management system, helping to ensure that stock levels are maintained to meet production or sales needs. They are typically based on purchase orders, production schedules, or vendor commitments, allowing businesses to effectively plan their resources and operations.
Distinguish between planned receipt and scheduled receipt?
Planned receipt is the receipt against a planned order yet to be released.Scheduled receipt is the receipt against a released order.Say the lead time for receipt of material X is 4 weeks from the date of order release and we are in week 10.If an order was released in week 8, its scheduled receiptwill be in week 12.Basis the consumption, current stocks, scheduled receipts and lead time, if a planner plans a order to be released in week 11, its delivery will be in week 15.This receipt in week 15 is the planned receipt (the order is planned but not released)
A planned proces for providing financial information that will be useful to management?
accounting system
What generally reflects the anticipated financial impact of planned longterm actions?
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What is The production and distribution of goods is planned by the government to assure fairness for all of the people.?
socialism
What is the production and distribution of goods that is planned by the government to assure fairness for all people?
Socialism (A+)
The production and distribution of goods is planned by the government to assure fairness for all of the people?
Socialism
Which term fits the description of the production and distribution of goods can be planned by the government to assure fairness for all of the people?
Socialism
What type of economic model fits this description the production and distribution of goods can be planned by the government to assure fairness for all the people?
Socialism (A+)
What type of economic model fits this description the production and distribution of goods can be planned by the government to assure fairness for all of the people?
Socialism (A+)
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
Which is true of the government in a centrally planned economy?
The government places much emphasis on the production of consumer products.
What economic theory states that the government should own and control the means of production and distribution?
Centrally Planned Economies are typical of totalitarian countries such as Cuba, North Korea. The econonomic theory behind these governments is usually a form of Marxism.
What does the government the in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
What applies to all centrally-planned economies?
The government places much emphasis on the production of consumer products.
Explain how a government is involved in a centrally planned economy?
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
