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Available to promise  A feature of MRP systems that identifies the difference between the number of units currently included in the master schedule and the actual (firm) customer orders.
Bill-of-Materials (BOM)  The complete product description, listing the materials, parts, and components; the quantity of each item; and also the sequence in which the product is created.
Master production schedule (MPS)  A time-phased plan specifying how many and when the firm plans to build each end item.
Material requirements planning (MRP)  The logic for determining the number of parts, components, and materials needed to produce a product.
Net change systems  MRP systems that calculate the impact of a change in the MRP data (the inventory status, BOM, or master schedule) immediately.







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