The function of determining the need to replenish inventory at branch warehouses. A time-phased order point approach is used where the planned orders at the branch warehouse level are “exploded” via MRP logic to become gross requirements of the supplying source. In the case of multilevel distribution networks, this explosion process can continue down through the various levels of regional warehouses (master warehouse, factory, warehouse, etc.) and become input to the master production schedule. Demand on the supplying sources is recognized as dependent and standard MRP logic applies.
The time unit for which forecasts are prepared, such as week, month, or quarter.
The use of skills and knowledge in coordinating the organizing planning, scheduling, directing, controlling, monitoring and evaluating of prescribed activities to ensure that the stated objectives of a project, manufactured good, or service are achieved.
Capacity planning conducted at the business plan level. The process of establishing, measuring, and adjusting limits or levels of long-range capacity. Resource planning is normally based on the production plan but may be driven by higher-level plans beyond the time horizon of the production plan (e.g., the business plan). It addresses those resources that take long periods of time to acquire. Resource planning decisions always require top management approval.
A dispatching rule that selects the job having the earliest due date for the impending operation. See: earliest due date.
The flow of information back into the control system so that actual performance can be compared with panned performance.
One who appeals a court decision to higher authority.
The process of developing a strategic plan.
Reference: APICS Dictionary.
A clear, complete and accurate statement of the technical requirements of a material, an item, or service, and of the procedure to determine if the new requirements are met.
The functions within a company that add value to the goods or services that the organization sells to customers and for which it receives payment.