Material Requirements Planning DOES NOT include
(A) material price (B) bill of material
(C) inventory level (D) production schedule
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(b) bill of material
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The correct answer is option (A) material price.
To answer the question, you must know what Material Requirements Planning is and what it indicates.
Material resource planning is actually planning, scheduling and inventory management system that manages production processes.
You must keep in mind that MRP answers three basic questions:
1) What material is required?
2) How much is it required?
3) When is it required?
A bill of material is a list of raw materials required in the process of manufacture.
So, bill of material answers point 1).
Inventory level answers point 2).
Production schedule answers point 3).
Only point left unanswered is option (A) material price. So, the answer is Option (A).
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