Purchasing method

A method used by businesses to buy products and/or services.A purchasing system manages the entire acquisitionprocess, from requisition, to purchase order, to productreceipt, to payment.Purchasing systems are a key component […]

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Objectives of MRP

The objectives of material requirement planning in operations management are: (a) It determines the quantity and timing of finished goods demanded. (b) It determines the time phased requirements of the demand […]

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Material requirement planning

Material Requirement Planning is a special technique to plan the requirements of materials for production. For the manufacturing company to produce the end items to meet demands the availability of […]

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