1 page/≈275 words
Business & Marketing
discussion (Coursework Sample)
.1) Materials management is the process in which materials are converted into final goods. There is an important relationship between material requirements planning, capacity planning, and inventory management. Analyze these relationships and provide examples from professional experience and/or text examples to support your views. .2) The “Just in Time” or “JIT” purchasing process is becoming more popular as a strategy for firms across the globe. Identify two or three purchasing benefits described in the text. Identify a project that could be implemented to meet these benefits from professional or text examples. Consider why a project manager would need to have knowledge of JIT, and how it is important to organizations today. Reference: Benton, W.C. Jr. (2010), Purchasing and supply chain management (2nd edition), New York, NY: McGraw-Hill Irwin. source..
Discussion Name: Professor: Course title: Institution: Date: Discussion The relationship between Material Requirements Planning (MRP), Capacity Planning and Inventory Management and examples of these relationships Capacity planning involves determining the production capacity that a company requires to satisfy the market demands of its products. In Materials Requirements Planning (MRP), the company has to ensure the availability of materials for production processes and products are available for delivery to consumers (Benton, 2010). This relates to capacity planning whereby the right amount of materials must always be supplied to facilitate adequate production capacity. Moreover, MRP ensures that the stored materials and product quantities are as low as possible (Benton, 2010). According to Benton, inventory management involves the company ensuring smooth movement of materials into and out of the current inventory (2010). T...
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