Management

Management

Enterprise resource planning- paraphrasing

1.    Explain how the concept of Postponement reduces the complexity of forecasting and reduces inventory requirements.  Give an example of Postponement not already mentioned in class.

2.    Explain how the difference in how finished goods are used between level scheduling and traditional MRP scheduling.

3.    Explain how the use of common components for finished assemblies reduces purchasing costs and reduces risk of poor forecasting.

4.    Explain how Standard Work shortens the time required to become proficient at a task.