Describe the four methods for production planning under uncertainty. 1. Conceptual models in relation to supply chain and materials requirement planning
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Material Requirements Planning (MRP) is a computer-based production planning and. MRP is concerned with both production scheduling and inventory control.
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Explanation:
Material requirements planning
Ensure materials are available for production and products are available for delivery to customers.
Maintain the lowest possible material and product levels in store.
Plan manufacturing activities, delivery schedules and purchasing activities.
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