|manufacturing resource planning (MRP II)|
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Definition of manufacturing resource planning (MRP II)
manufacturing resource planning (MRP II)
a fully integrated materials requirement planning system that involves
Manufacturing resource planning (MRP II)
An expansion of the material requirements planning concept, with additional computer-based capabilities in the areas of
Financial planning conducted by a firm that encompasses preparation of both
The process of evaluating the investing and financing options available to a firm. It
Arrangement used to finance inventory. A finance company buys the inventory, which is then
Mortgage-backed securities (MBS) on which registered holders receive an aggregate principal and
Computer-based systems that plan backward from the production schedule
A proposition by Modigliani and Miller which states that the cost of
The length of time a model projects into the future.
A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres.
an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute
the use of computers to control production processes through numerically
the integration of two or more flexible manufacturing systems through the use of a host computer and an information networking system
a packaged software program that allows a company to
a production system in which a single factory manufactures numerous variations
a production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to
a linear or U-shaped production grouping of workers or machines
manufacturing cycle efficiency (MCE)
a ratio resulting from dividing the actual production time by total lead time;
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
see materials requirements planning
see manufacturing resource planning
the process of creating the goals and objectives for
a resource that is essential to production
the process of developing a statement of
strategic resource management
organizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities
the process of determining the specific
The term for several manufacturing innovations that
Material requirements planning (MRP)
A computer-driven production methodology
MM's proposition II
The required rate of return on equity increases as the firm’s debt-equity ratio increases.
Time horizon for a financial plan.
Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (IIRIRA)
A federal Act shielding employers from liability if they have made
A budgeting process using summary-level information to
Enterprise resource planning system
A computer system used to manage all company
Manufacturing resource planning
An integrated, computerized system for planning
Material requirements planning
A computerized system used to calculate material
An insurance program designed to provide funds for insured's dependents upon death of the insured, and to also conserve, as much as possible, the personal assets that the insured wants to bequeath to heirs.
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