Question

examine the features available from the system. Describe the use of the system for MRP planning and scheduling

Answer 1

MRP system
The features of MRP system can vary from vendor to vendor the major features include
Load management  
production scheduling
Flexibility to the needs of customer
Inventory management

The system can be used in MRP planning and scheduling in the following ways
The system require an input in order to process and give the manager the output in form of planned and Scheduled report.
The inputs are majorly in the form of bill of materials, main schedule, past inventory records,etc. The bill of material is used to find out the number of each component needed in order to produce finished goods. the mains schedule give the details of internal forecast and external orders for the specific duration of time which helps in developing the planning time frame for a specific duration of time. The inventory records helps in determining the current level of inventory and it also provides the details of supplier, Lead time and lot size. All the above information is processed to o generate reports such as planned order schedule, quantity and timing of future orders,etc. Search systems helps in optimising the carrying cost and inventory cost and considerably reduce time involved in Planning activities.