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What are the difference between a replenishment philosophy and a requirements philosophy?
There are some differences between a replenishment philosophy and a requirements philosophy: - The requirement philosophy is used in MRP systems whilst the replenishment philosophy is used in order-point systems. - The replenishment philosophy is oriented toward the customer and it more focuses outward objectives where as the requirement philosophy is oriented toward manufacturer and it more focuses inward objectives. - In the replenishment philosophy, material should be replenished when it runs low versus in the requirement philosophy, material is ordered only when a need exists as directed by the master schedule. If there are no manufacturing requirements for a particular part, it will not be replenished, even though the inventory level is low. - In the replenishment philosophy, ABC principle is applied as a control principle and EOQ formula can help providing relative accurate stock level. In the requirement philosophy, ABC principle and the time-honored EOQ do not work well if this order philosophy is applied. - In the requirement philosophy, as MRP is future-oriented so ordering philosophy base on requirement generated from master schedule. In the replenishment philosophy, the forecast of replenishment the stock level base on the past history of demand. - In the replenishment philosophy, if demand is lumpy, materials will be carried on hand during long period of zero demand resulting in unnecessary inventory-carrying cost. But in the requirement philosophy, the requirement of particular part is very important in manufacturing because demand for component parts is lumpy.
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What is the difference between a religion and a philosophy?
The main difference between a religion and a philosophy is that a religion typically involves belief in a higher power or deity, rituals, and organized practices, while a philosophy is a system of beliefs and principles about life, ethics, and knowledge that does not necessarily involve worship or a higher power.
What is the difference between subjective and objective philosophy?
Subjective philosophy is based on personal opinions, feelings, and experiences, while objective philosophy relies on facts, evidence, and logic.
What is the main difference between realism and antirealism in philosophy?
The main difference between realism and antirealism in philosophy is that realism believes in the existence of an objective reality independent of our perceptions, while antirealism argues that reality is shaped by our perceptions and interpretations.
What is the difference between objective and subjective philosophy?
Objective philosophy focuses on facts, evidence, and logic to determine truth, while subjective philosophy is based on personal beliefs, opinions, and experiences.
Difference between analytic and speculative philosophy?
The difference between analytic and speculative philosophy is on its emphasis. Analytic philosophy places heavy emphasis on logic and language, while speculative philosophy emphasizes on a systematic approach to reality.
What is the difference between relationship and philosophy?
They are entirely different.
What is the main difference between aerobic and anaerobic replenishment of energy?
The main difference is that aerobic replenishment of energy occurs in the presence of oxygen, allowing for more efficient production of energy through processes like cellular respiration. In contrast, anaerobic replenishment of energy occurs in the absence of oxygen and is less efficient, relying on processes like glycolysis to produce energy quickly but with the byproduct of lactic acid buildup.
What is the difference between a religion and a philosophy?
The main difference between a religion and a philosophy is that a religion typically involves belief in a higher power or deity, rituals, and organized practices, while a philosophy is a system of beliefs and principles about life, ethics, and knowledge that does not necessarily involve worship or a higher power.
What is the difference between subjective and objective philosophy?
Subjective philosophy is based on personal opinions, feelings, and experiences, while objective philosophy relies on facts, evidence, and logic.
What is the main difference between realism and antirealism in philosophy?
The main difference between realism and antirealism in philosophy is that realism believes in the existence of an objective reality independent of our perceptions, while antirealism argues that reality is shaped by our perceptions and interpretations.
What is the difference between Replenishment Inventory and Requirements Inventory?
I am giving an answe on the basis of my Retail Experience..... In Retail supply Chain we are using a Vendor to DC and then DC to Stores......If we are replinishing our store from Distribution Center then it will be Relpenishment Inventory and Once we are purchasing from supplier to fulfill our requirment of DC that will called Requirement Planning.......
Is the time that elapses between issuing replenishment order and receiving the material in stores?
is the time that elapses between issuing replenishment order and receiving the material in stores.
What are the difference between Catholic and taoism?
Taoism is a natural philosophy, Catholicism is a revealed religion.
What is the difference between a Selling Philosophy and a Marketing Philosophy?
Sellers try to match the product to the individual. Marketers try to force a product on an individual.
What is the difference between a 'market requirements' and an 'operations resource' view of operations strategy?
Ask Dr Alex bananas and he will answer you
What is the difference between objective and subjective philosophy?
Objective philosophy focuses on facts, evidence, and logic to determine truth, while subjective philosophy is based on personal beliefs, opinions, and experiences.
What is the difference between science and philosophy as regard to emotions?
Philosophy can have the luxury of emotions as is evident from the fact that poetry is a kind of philosophy. But science is not permitted to wallow in emotions. It is meant to be impartial and unemotional like mathematics.
