State and explain atleast four benefits of enterprise resource planning system in MRP
Q: How can/does an Enterprise Resource Planning (ERP) system enhance overall production and…
A: Enterprise resource planning sometimes ERP refers to the business strategies management software…
Q: Explain some of the difficulties user have encountered with MRP.
A: It is a production planning and management strategy that aids in determining the resources and…
Q: Explain benefits and drawbacks of an MRP system?
A: MRP is a broad term that refers to a system that is used to plan and schedule material requirements.…
Q: 17 To minimize the effects of uncertainty due to lead times, MRP systems incorporate ______. a…
A: Note: - Since the exact question to be answered is not specified we will answer only the first…
Q: Complete the following input/output report. What are the planned and actual backlogs at the end of…
A: Cumulative Variance= Variance of previous periods+ (Actual Input - Planned Input) For period 1 =…
Q: Describe what are the advantages and disadvantage of an MRP system?
A: MRP is a complete method for material procurement planning and scheduling. It helps to strengthen…
Q: What are the sources of demand in an MRP system? Are these dependent or independent, and how are…
A:
Q: How can ERP help a business boost its performance?
A: ERP is a system that companies use to combine all of their critical business functions. ERP is…
Q: Explain in detail what is MRP system information processing?
A: MRP System Information Processing After collecting the necessary data from the hills of material,…
Q: State and explain some disadvantages of the enterprise resource planning in MRP
A: To be determined: Disadvantages of the enterprise resource planning in MRP
Q: Explain the requirement for effective MRP
A: Material requirement planning is a technique used to identify how much material is required for a…
Q: What are the goals of an MRP method, as well as its inputs and outputs?
A: Material necessities arranging (MRP) is a creation arranging, planning, and stock control framework…
Q: A ________ defines the hierarchical relationships between all items that comprise a finished good,…
A: In production/operations management, a product in form of the finished good is broken down into…
Q: What are the objectives of MRP?
A: It is a production planning and management system that helps in calculating the materials and…
Q: Discuss what is primary report in MRP output?
A: Primary reports are the primary reports utilised in the inventory and production control processes.…
Q: Explain what functions of the business affect an MRP system ?
A: A chart is a graphical representation of the data that is delivered and shown. It is a technique for…
Q: Describe what are the similarities between DRP and MRP?
A: MRP is a scientific technique for planning the acquisition and utilisation of resources throughout…
Q: The following table lists the components needed to assemble an end item, lead times, and quantities…
A: a. Net Requirement of End Item = 18-0 = 18 Net Requirement of B = 18*2 - 10 = 36-10 = 26 Net…
Q: Discuss the benefits and requirements of MRP.
A: MRP or Material Requirements planning is described as an arrangement that measures the comp[moments…
Q: Compare project management information systems (PMIS) and enterprise resource planning (ERP)
A: Project Management Information System (PMIS) A project management information system (PMIS) is a set…
Q: Understand how the MRP system is structured.
A: MRP or Materials Requirements Planning is described as a technique that determines the timing and…
Q: Understand what an enterprise resource planning (ERP) system is.
A: ERP refers to Enterprise resource system. It is a software used by the organizations to manage all…
Q: Describe MRP II and its benefits.
A: MRP II refers to Manufacturing Resource Planning. It is a computerized inventory management system.…
Q: Explain what are the similarities between MRP and DRP?
A: MRP is a scientific procedure used to plan the purchase and usage of materials at various stages of…
Q: Explain what are the requirements of an effective MRP ?
A: Material requirement planning is a strategy for evaluating materials needed that is utilized in…
Q: A Database underlies every ERP system. A.Explain what a Database is. B.Explain what a Database…
A: Enterprise resource planning often called ERP system is nothing but the computer software that a…
Q: If you cannot provide a bill of material (BOM) as an input file, you cannot run a material requirem…
A: Material requirements planning (MRP) is a production planning, scheduling, and inventory control…
Q: What are the three primary data sources used by the MRP system?
A: MRP - Material Requirements Planning MRP is a computerized inventory management system which has…
Q: Material Requirement Planning (MRP) I. Introduction (minimum of 6 sentences) II. Body (minimum of 10…
A: Materials Requirement Planning is the process of buying materials, supplies and components from…
Q: does not fall under the direct benefits of an ERP system O a. Better analysis and planning…
A: Direct benefits of an ERP system are:- Better customer service Enhanced Business Reporting Supply…
Q: Explain the three challenges and issues associated with the implementation of ERP (Enterprise…
A: ERP system is the organizational software that is used to manage the important process of an…
Q: Describe the most suitable conditions for the MRP?
A: MRP (Material Requirement Planning) is important for tracking the following elements:
Q: Explain how does the SAP ERP system distinguish between a task, job, and person
A: SAP ERP distinguishes between task, job and a person. In SAP, an employee is a person who performs…
Q: Describe some of the difficulties user have encountered with MRP?
A: It is a method for planning and managing production that assists in calculating the resources and…
Q: Describe the main application components of enterprise resource planning and briefly discuss the…
A: Enterprise resource planning is a software application that is used to planning and managing the…
Q: a) Develop the time-phased product structure. b) Produce the MRP for fulfilling the order.
A: The following steps have time phased structure and MRP for fulfilling the order
Q: What functions of the firm affect an MRP system? How?
A: Operations is an important base for every organization, whether in manufacturing, service, or…
Q: User Solutions, Inc.usersolutions.comExamine the features available from the system. Describe the…
A: Operations is an important base for every organization, whether in manufacturing, service, or…
State and explain atleast four benefits of enterprise resource planning system in MRP ?
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- Activity Immediate Optimistic Most Likely Pessimistic Predecessor A 7 8 9 B 10 10 13 A 8 10 13 11 14 17 E 7 8 11 F 7 8 9 G F 4 5 9 B 6 6 7 H 7 9 10 END E.G.I D.Why Write aMarketing Plan?The Role of Income Taxes For the most recent year, Triad Company had fixed costs of $240,000and variable costs of 75% of total sales revenue, earned $70,000 of net income after taxes, and anincome tax rate of 35%.Required Determine:1. Before-tax income.2. Total contribution margin.3. Total sales.4. Breakeven point in dollar sales
- CROSS CTAE 2013.10 Chaptersment Think Critically 14. To increase their revenue, some businesses before a movie starts. owned a business? Why or why will not be used. 1. The amount of money remaining from revenues after all expenses are paid a balance sheet Review Marketing Concepts produced, distributed, and consumed of financial gain or loss b. budget c. economics d. economic e. ethics f. forecast a income statemen utility 2. The study of how goods and services ar 15. List two human risks faced by 4. A report developed to predict the expenses to be incurred and revenues h. liable overcome those risks. or personal 5. The business is legally responsible for damages i. principles j. profit k. profit motive to be received I. return on investment 6. Involves preventing, reducing, or lessening the negative impacts of risk, 7. The income that is distributed to investors m. risk n. risk managemen 16. Assess your school's fire safet and other ways that the scho 8. A system of deciding what is…Determine FIVE (5) scope management plan contents.itative Analysis Haji Ismail Company is going to introduce one of the three new products: keropok, satay, and chips. As the market conditions (favorable, stable or unfavorable) tend to affect the payoffs of the products. Table 1: Condition of payoffs of Ahmad Company Product Favorable Stable Keropok Satay 18,000 12,000 9,000 11,000 7,000 Unfavorable 10,000 -5,000 Chips -6,000 What the objective that can be derived from the given situation? 2,000 Select one: O A. The objective to produce the products. OB. The objective to determine the market condition. O C. The objective to determine which product can be introduced to ensure the highest payoff. O D. The objective to determine minimize the cost of production.
- 11. A recent issue of Business Week reported the following:During the recent auto sales slump, GM, Ford, and Chrysler decided it was cheaper tosell cars to rental companies at a loss than to lay off workers. That’s because closingand reopening plants is expensive, partly because the auto makers’ current unioncontracts obligate them to pay many workers even if they’re not working.When the article discusses selling cars “at a loss,” is it referring to accounting profit oreconomic profit? How will the two differ in this case? Explain briefly.Mr Paul Makatle is an employee at a clothing factory The following deductions anre made from his gross monthly salary: • 7,5% of his gross monthly salary for pension fund contributions • UIF (Unemployment Insurance Fund) of 1% of bis gros monthly salary • PAYEPay as you earn) tax as per tax bracket Use the salary advice below which Mr Makatle receives for December 2020 to answer the questions that follow. SALARY ADVICE PAYMENT DATE EMPLOYER PERIOD Fusion Industries PO Box 4325 10 31/12/2020 Bramley 2000 Name of Employee: Mr Paul Makatle Identity number: 670914 5234 086 Empicyee number: 2007041235 Bank & Account Number on Medical Ald: Adult: 2 Children: 1 nr: Pension Nr: Tax Number: ABSAXXXXXXXXX 78554902 538672901 Xxxx2435 DEDUCTIONS INCOME Basic Salary R 8 236,00 PAYE R 402.45 UIF R 82,36 Pension Fund R 617,70 Medical Aid contribution R 1 764,00 TOTAL DEDUCTIONS R 2 866,51 R 8 236 NET SALARY GROSS SALARY IRP5 PARTICULARS-cumulative year to date R 82 360,00 Total Employee's Tax…Plz do this..
- lease provide me with some workable solutions for studyingHart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 1.50 3.00 2.00 B 2.00 1.00 2.50 0.25 0.25 0.25 During the next production period, the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $25 for product 1, $28 for product 2, and $30 for product 3. The setup costs are $400 for product 1, $550 for product 2, and $600 for product 3. At most, 175 units of product 1, 150 units of product 2, and 140 units of product 3 can be produced. Part a Formulate a mixed-integer linear programming model (identify and define decision variables, objective function and constraints) that can be used for maximizing total profit contribution. For “Part a" you do NOT need to solve this problem using Excel, you just need to do the formulation in the standard…C0ON COLLEGE learneng Qu If an agreement about the partner's contribution to the capital of the Commercial Company is not available, the partners shall not be deemed of equal value and competent authority to ask to re-evaluation of contributions. 1 Select one: 13 O True O False Finish Time NEXT PAGE PREVIOUS PAGE 61