Day: February 26, 2022

Distribution Requirements planning is an inventory control and scheduling technique that applies MRP principles to distribution inventories. It may also be regarded as a method of handling stock replenishment in multi-echelon environment. An echelon is defined as „A stepwise arrangement Read More …

Materials requirements planning (MRP) developed during the 1970s but is equally applicable today. It operates as an integrated information management, production planning and stock management system that has been enhanced in practicality in recent years as the speed and power Read More …

Management Information Systems(MIS) Management information is data collected (often in the transaction processing systems of the organization), processed and formatted in such a way as to be useful to managers to aid them in planning, control and decision-making. Management information Read More …

Advanced Planning and Scheduling (APS) – Advanced planning and scheduling (APS) is a type of system that tracks costs based on the activities that are responsible for driving costs in the production of manufactured goods. An APS allocates raw materials Read More …