Gross requirements of mrp system, Finance Basics

Gross requirements of MRP System

Accumulation of demand for this item from all sources independent and dependent. For instance, customer orders, spare part requirements, replacement part requirements or stock order requirements. 

Master production schedule 

Accumulation of all gross requirements stated as a planned delivery schedule.

Scheduled receipts 

Anticipated completions due to orders previously released. Scheduled receipts are also referred to as 'open orders'. Scheduled receipts are created once planned orders have been released. A planned order, once released, is considered a scheduled receipt and is moved to that category. 

On hand 

A category of stock which denotes the quantity of stock currently available for usage. This must be differentiated from allocated stock which is available but not free to be disbursed.

Posted Date: 3/14/2013 6:25:56 AM | Location : United States







Related Discussions:- Gross requirements of mrp system, Assignment Help, Ask Question on Gross requirements of mrp system, Get Answer, Expert's Help, Gross requirements of mrp system Discussions

Write discussion on Gross requirements of mrp system
Your posts are moderated
Related Questions
Lavista Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back

On the 5 th of March 2009, the Bank of England (BoE) lowered its main interest rate to 0.5%, the lowest on record since the Bank has published rates in 1970, which still remains u

Determine how much of a total loan payment applies towards principal and how much applies towards interest for a home mortgage of $177,219 with a fixed APR of 7.5% of 20 years

Source of Finance for the Sole Proprietor Some sources of capital---Discuss a) Savings b) Assistance from friends or relatives c) Proceeds from sale of assets d) Ba

Factors contribute to increasing the profitability of a business Several other factors contribute to increasing the profitability of a business. For companies that are highly d

what are the modern methods of evaluating capital projects? how they different from old methods?

Review the budget below and answer the questions following the budget. FINANCIAL ACCOUNTING—STATEMENT OF REVENUE AND EXPENSES Statement of Revenue and Expenses for Group Practice f

What is the one-year Treasury security rate of 1R1? For 1R3=11%, E(2r1)= 4% and E(3r1)=5%

Cash Cycle and Cash Turnovers Cash Cycle refers to the amount of time which elapses from the point whenever the firms create a cash outlay to purchase raw materials to the poi

Instructions 1 This case study counts as part of your group project. 2 Project Group: You must complete this assignment together with the group that you initially registered