Term
| Material requirements planning (MRP) |
|
Definition
| A dependent demand technique that uses bill-of-material, inventory, expected receipts, and a master production schedule to determine material requirements. |
|
|
Term
| Master production schedule (MPS) |
|
Definition
| A timetable that specifies what is to be made (usually finished products) and when. |
|
|
Term
|
Definition
| A listing of the components, their description, and the quantity of each required to make one unit of a product. |
|
|
Term
|
Definition
| Bills of material organized by major subassemblies or by product options. |
|
|
Term
|
Definition
| A material grouping created in order to assign an artificial parent to a bill of material; also called "pseudo" bills. |
|
|
Term
| Phantom bills of material |
|
Definition
| Bills of materials for components, usually assemblies, that exist only temporarily; they are never inventoried. |
|
|
Term
|
Definition
| A number that identifies items at the lowest level at which they occur. |
|
|
Term
|
Definition
| In purchasing systems, the time between recognition of the need for an order and receiving it; in production systems, it is the order, wait, move, queue, setup, and run times for each component. |
|
|
Term
| Gross material requirements plan |
|
Definition
| A schedule that shows the total demand for an item (prior to subtraction of on-hand inventory and scheduled receipts) and (1) when it must be ordered from suppliers, or (2) when production must be started to meet its demand by a particular date. |
|
|
Term
|
Definition
| The result of adjusting gross requirements for inventory on hand and scheduled receipts. |
|
|
Term
|
Definition
| The quantity planned to be received at a future date. |
|
|
Term
|
Definition
| The scheduled date for an order to be released. |
|
|
Term
|
Definition
| Frequent changes in an MRP system. |
|
|
Term
|
Definition
| A means for allowing a segment of the master schedule to be designated as "not to be rescheduled". |
|
|
Term
|
Definition
| In material requirements planning systems, tracing upward in the bill of material from the component to the parent item. |
|
|
Term
|
Definition
| Time units in a material requirements planning system. |
|
|
Term
|
Definition
| The process of, or techniques used in, determining lot size. |
|
|
Term
|
Definition
| A lot-sizing technique that generates exactly what is required to meet the plan. |
|
|
Term
| Periodic order quantity (POQ) |
|
Definition
| An inventory ordering technique that issues orders on a predetermined time interval, with the order quantity covering the total of the interval's requirements. |
|
|
Term
| Material requirements planning II (MRP II) |
|
Definition
| A system that allows, with MRP in place, inventory data to be augmented by other resource variables; in this case, MRP becomes material resource planning. |
|
|
Term
|
Definition
| A system that provides feedback to the capacity plan, master production schedule, and production plan so planning can be kept valid at all times. |
|
|
Term
|
Definition
| A report showing the resource requirements in a work center for all work currently assigned there as well as all planned and expected orders. |
|
|
Term
| Distribution resource planning (DRP) |
|
Definition
| A time-phased stock-replenishment plan for all levels of a distribution network. |
|
|
Term
| Enterprise resource planning (ERP) |
|
Definition
| An information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders. |
|
|
Term
| Efficient consumer response (ECR) |
|
Definition
| Supply chain management systems in the grocery industry that tie sales to buying, to inventory, to logistics, and to production. |
|
|
