Regarding inventory, how much does a typical firm have tied up in it as a percentage of total assets?
What are the primary inputs to an MRP?
What would be found in inventory records as part of MRP?
Expert Answer
1) A typical firm has nearly thirty percentage of total assets tied up in inventory. There is nearly ninet percent of the working capital is tied up in inventory.
2) Primary inputs to an MRP are following
i – Product structure
ii – Master Production Schedule
iii – Inventory policy – lot size, safety stock
iv – Information about supplier lead time, scheduled orders
3) MRP would
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