MRP

Dependent versus Independent Demand

An Overview of MRP

MRP Inputs

The Master Schedule

The Bill of Materials

The Inventory Records

MRP Processing

Updating the System

MRP Outputs

Other Considerations

Safety Stock

Reading: Asian Disasters Drive Firms to Boost Safety Stock

Lot Sizing

MRP in Services

Benefits and Requirements of MRP

Benefits

Requirements

MRP II

Closed-Loop MRP

Capacity Requirements Planning

ERP

Reading: The ABCs of ERP

ERP in Services

Readings: Vendor Managed Inventory at ZF: More Transparency, Lower Stock Levels and Reduced Costs on Both Sides

                  The Top 10 ERP Mistakes

                  Tips for Successful ERP Projects

Operations Strategy

Summary

Key Terms

Solved Problems

Discussion and Review Questions

Taking Stock

Critical Thinking Exercise

Group/Experiential Learning Exercises

Problems

Cases: Promotional Novelties

             DMD Enterprises

Operations Tour: Stickley Furniture

Selected Bibliography and Further Reading