Please enable JavaScript.
Coggle requires JavaScript to display documents.
(the challenges (Quantity Supplied
:!?: (depends on the price level, and…
MRP
a software-based solution that works backwards from customer orders to determine when materials will be needed for production and then initiates their purchase to have delivery coincide with upcoming manufacturing runs and scheduled product delivery dates
objectives :lock:
Make sure raw materials and component parts are always on-hand for production, to keep the production schedule running smoothly
Support just-in-time (JIT) production by enabling the lowest levels of materials and inventory to be available and still keep production on track
-
MRP.
inventory :pen:
-
right time,quantity and e right part
-
priority :pen:
-
plan for a complete load, an accurate load
and an adequate time to view future load
-
the challenges
Quantity Supplied
:!?:
depends on the price level, and the
price can be set by either a governing body by using price ceilings
or floors, or by regular market forces.
Timing of Supply :!?:
Also known as Building Integrated Timing System, is a method for Timing of Supply
distributing a precision clock among telecommunications
equipment
Quantity Demanded
:!?:
Quantity demanded is a term used in economics to describe the
total amount of goods or services demanded at any given point in time. It depends on the price of a good or service in the
marketplace, regardless of whether that market is in equilibrium.
The degree to which the quantity demanded changes with
respect to price is called the elasticity of demand.
Timing of Demand
:!?:
Overestimating lead time demand can lead to inventory shortages.This problem makes the customer switch to the competitor instead
