Exam L4M7 Topic 5 Question 165 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 165
Topic #: 5
MRP system is the most suitable IT system to manage which type of items?

Suggested Answer: A Vote an answer

Material requirement planning (MRP) is a production planning and material (inventory) control system used in manufacturing. Objectives of MRP are to ensure materials are available for production while minimising inventory and to plan production and procurement activities.
Bill of materials (BOM) is an important component of MRP. BOM is also known as product struc-turer. This lists all the items that comprise each assembly and sub-assembly that make up the final product or end item. Therefore, MRP is commonly used to manage dependent demand stock.
Reference:
LO 2, AC 2.3

by Sebastian at Oct 10, 2024, 09:52 PM

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