Explain how material requirements planning improve operation, Strategic Management

Assignment Help:

Explain how Material Requirements Planning (MRP) might improve operations.

Reduced stock holding

MRP can simplify inventory control and levels of stock holding may be decreased, thanks to precise planning so potentially improving both cash flow and company liquidity.

Help meet customer requirements 

MRP can contribute to increased customer service as there will be fewer delays through materials shortage. Similarly MRP can give a base for providing swift, reliable quotations where delivery times are important.

Enhance planning of operations

The systemised planning that MRP brings means that there will be improved facilities utilisation and less time spent on hurrying emergency orders by (possibility of displacing other activities or incurring overtime payments, etc.).

 


Related Discussions:- Explain how material requirements planning improve operation

Calculate the ucl-lcl for the x-bar and range charts, You MUST show all wor...

You MUST show all work! Numbers not supported by work will receive zero credit, even if the answers are correct! Elton Zwilling is the owner of a successful Burger Corral (BC) fran

What is organizational design, 1.Middle managers are often at the center of...

1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co

Movie Exhibition Industry, Review trends in the general environment that af...

Review trends in the general environment that affect the movie exhibition business, and establish whether their effects are helpful or harmful to theater owners.

Strategic management, explain strategy as an organisational process

explain strategy as an organisational process

Formal strategic planning for business, LD is the owner and manager of her ...

LD is the owner and manager of her own florist business, LD Flowers. Although starting out initially as a hobby, it has developed into a sustainable business. LD's original busines

Examples of external failure cost, Q. Examples of external failure cost ...

Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure.  Costs incurred after the customer has rec

Explain operating profit margin - performance ratios, Q. Explain Operating ...

Q. Explain Operating profit margin - performance ratios? Operating profit mar =              (PBIT / Turnover) x 100% This is the ratio of operating profit to sales or turno

How and why has the bcg framework been modified, Question 1: Elaborate ...

Question 1: Elaborate on the following business strategies giving examples, and discuss under what circumstances these business strategies are applied. a) Forward integrati

What is performance pyramid, Q. What is performance pyramid? The perfo...

Q. What is performance pyramid? The performance pyramid  Like the balanced scorecard or 6-dimensional performance matrix, the performance pyramid is a multidimensional mo

Economic crisis in new member states, Among NMS, we can find various scenes...

Among NMS, we can find various scenes of the economic crisis, ranging from countries with extremely serious crisis to countries with rather milder crisis. These countries can be cl

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd