ERP Operations Management Question:
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Closed Loop MRP means:

Answer:

► 1. Actual sales are netted off the forecasts in the MPS
► 2. Actual inventory is counted regularly and adjustment made to the inventory records
► 3. Capacity and resource planning is included in the MRP logic
► 4. Unused materials are returned to stores and recorded back into the system

Capacity and resource planning is included in the MRP logic

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Optimized production technology (OPT) is a computer-based technique and tool, which helps to schedule production systems. Which of the following are not principles of OPT?MPS stands for: