Production and Inventory Management in the Computer Age

actual approach assembly average backlogs better bills of material branch warehouses calculated capacity control capacity planning Capacity requirements planning components computer systems control system critical ratio customer orders customer service demand items dependent demand developed dispatch list due dates economic order quantity example expediting exponential smoothing factory finite loading forecast error foreman formal priority planning formal system function going informal system input input/output control inven inventory control inventory investment inventory management system inventory records lead lot sizes machine load manufacturing company master schedule material requirements planning mean absolute deviation ment MRP system operations order point system ordering cost output percent phased order point planned order release planner priority control priority planning system problems production and inventory production control production plan purchasing recognize reschedule responsibility safety stock scheduled receipts set-up simply stockroom subassemblies technique users usually vendor week