Describe the features of an mrp system, Project Management

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Problem 1:

(a) Describe the main features of an MRP system.

(b) Show the circumstances in which MRP would be most appropriate.

Problem 2:

Describe the impact of stores layout on the total operating costs of a warehouse. What factors should be considered when designing an appropriate layout of a warehouse?

Problem 3:

(a) Compare dependent and independent demand items.

(b) Discuss an appropriate approach to inventory management for each class of demand.

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