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An MRP II system can include finite or infinite capacity planning. But, to be considered a true MRP II system must also include financials. In the MRP II (or MRP2) concept, fluctuations in forecast data are taken into account by including simulation of the master production schedule, thus creating a long-term control. [8]
Manufacturing resource planning (MRP II) [1] is a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer " what-if " questions and is an extension of closed-loop MRP (Material Requirements Planning).
Manufacturing resource planning, (MRP II), derived from/a followup to MRP/Material requirements planning; Material requirements planning; Maximum retail price, in India and Bangladesh; Marginal revenue product, in the marginal revenue productivity theory of wages; Market risk premium, a risk premium
Manufacturing resource planning (MRP2 or MRP II Topics referred to by the same term This disambiguation page lists articles associated with the same title formed as a letter–number combination.
The goal of materials management is to provide an unbroken chain of components for production to manufacture goods on time for customers. The materials department is charged with releasing materials to a supply base, ensuring that the materials are delivered on time to the company using the correct carrier.
One example of PBR that conforms to this definition is an MRP with an index-based ARM that is calibrated so that utilities earn superior (inferior) returns for productivity growth exceeding (falling short of) the industry norm. Another example is an APM for reliability that uses a benchmark reflecting industry norms.
A diagram showing the basic meaning of aggregate data, which is a combination of individual data. Aggregate data is high-level data which is acquired by combining individual-level data. For instance, the output of an industry is an aggregate of the firms’ individual outputs within that industry. [1]
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).