|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
A budgeting process using summary-level information to
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
Financial planning conducted by a firm that encompasses preparation of both
a packaged software program that allows a company to
A computer system used to manage all company
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.
The process of evaluating the investing and financing options available to a firm. It
a production system in which a single factory manufactures numerous variations
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
A federal Act shielding employers from liability if they have made
The term for several manufacturing innovations that
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;
Manufacturing resource planning
An integrated, computerized system for planning
Material requirements planning
A computerized system used to calculate material
Material requirements planning (MRP)
A computer-driven production methodology
Materials requirement planning
Computer-based systems that plan backward from the production schedule
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
MM's proposition II
The required rate of return on equity increases as the firm’s debt-equity ratio increases.
Modigliani and Miller Proposition II
A proposition by Modigliani and Miller which states that the cost of
see materials requirements planning
see manufacturing resource planning
the process of creating the goals and objectives for
The length of time a model projects into the future.
Time horizon for a financial plan.
Planning, programming and budgeting system (PPBS)
A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres.
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
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