level: Material Strategies
Questions and Answers List
level questions: Material Strategies
| Question | Answer |
|---|---|
| Forecasting | is a materials planning strategy where past data and trends are used to predict future demand so informed decisions can be made around materials. |
| Master Production Schedule | a statement of what a business intends to produce, in what quantities and when they are to be produced. |
| Materials Requirement Planning | is a computerised inventory management system that schedules and places orders for materials. |
| Just in Time | is a strategy that ensures the right amount of materials arrived just as they are needed in the operation system. |