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Dependent Demand
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives: * Ensure raw materials are available for production and products are available for delivery to customers. * Maintain the lowest possible material and product levels in store * Plan manufacturing activities, delivery schedules and purchasing activities. History Prior to MRP, and before computers dominated industry, reorder point (ROP)/reorder-quantity (ROQ) type methods like EOQ (economic order quantity) had been used in manufacturing and inventory management. MRP was computerized by the aero engine makers Rolls-Royce and General Electric in the early 1950s but not commercialized by them. It was then 'reinvented' to supply the Polaris program and then, in 1964, as a response to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Planning
Production planning is the planning of Production (economics), production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, raw material, materials and production capacity, in order to serve different customers.Fargher, Hugh E., and Richard A. Smith. "Method and system for production planning." U.S. Patent No. 5,586,021. 17 Dec. 1996. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be combined with enterprise resource planning. Overview Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. A production plan is made periodically for a specific time period, called the planning ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Wight
Oliver may refer to: Arts, entertainment and literature Books * ''Oliver the Western Engine'', volume 24 in ''The Railway Series'' by Rev. W. Awdry * ''Oliver Twist'', a novel by Charles Dickens Fictional characters * Ariadne Oliver, in the novels of Agatha Christie * Oliver (Disney character) * Oliver Fish, a gay police officer on the American soap opera ''One Life to Live'' * Oliver Hampton, in the American television series ''How to Get Away with Murder'' * Oliver Jones (''The Bold and the Beautiful''), on the American soap opera ''The Bold and the Beautiful'' * Oliver Lightload, in the movie ''Cars'' * Oliver Oken, from ''Hannah Montana'' * Oliver (paladin), a paladin featured in the Matter of France * Oliver Queen, DC Comic book hero also known as the Green Arrow * Oliver (Thomas and Friends character), a locomotive in the Thomas and Friends franchise * Oliver Trask, a controversial minor character from the first season of ''The O.C.'' * Oliver Twist (char ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventory Control
Inventory control or stock control is the process of managing stock held within a warehouse, store or other storage location, including auditing actions concerned with "checking a shop's stock". These processes ensure that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction. An extension of inventory control is the inventory control system. This may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems, or it may refer to a method ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product (business)
In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a domestic or an international market to satisfy the desire or need of a customer. In retailing, products are often referred to as Merchandising, merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A Service (economics), service is also regarded as a type of product. In project management, products are the formal definition of the Product breakdown structure, project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production (economics), production process. Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability. Product classification A product can be classified as tangible asset, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Of Materials
A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an Product (business), end product. A BOM may be used for communication between manufacturing partners or confined to a single manufacturing plant. A bill of materials is often tied to a production order whose issuance may generate reservations for components in the bill of materials that are in stock and requisitions for components that are not in stock. The first Hierarchical database model, hierarchical databases were developed for automating bills of materials for manufacturing organizations in the early 1960s. At present, this BOM is used as a database to identify the many parts and their codes in automobile manufacturing companies. A BOM can also be visually represented by a Product structure modeling, product structure tree, although they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MAPICS
Infor XA is commercial ERP software used to control the operations of manufacturing companies. Its prior name, MAPICS, is an acronym for Manufacturing, Accounting and Production Information Control Systems. MAPICS was created by IBM. The product is now owned by Infor Global Solutions. Originally all MAPICS code ran only on IBM midrange systems like the IBM System 34, 36, 38, and the IBM AS/400, via succeeding versions of the platform - currently IBM i on IBM Power Systems. Early versions were written in IBM RPG, augmented with Control Language programs. IBM's version of SQL is also utilized on the OS integrated database system called Db2 for i . Recent development efforts have added object oriented components written in the Java programming language, which extends a portion of the XA product to servers running Java. However, the Infor XA product still requires the IBM i operating system. The Java components provide an application runtime which allow user customization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manman (software)
ASK Group, Inc., formerly ASK Computer Systems, Inc., was a producer of business and manufacturing software. It is best remembered for its ''Manman'' enterprise resource planning (ERP) software and for Sandra Kurtzig, the company's founder and one of the early female pioneers in the computer industry. At its peak, ASK had 91 offices in 15 countries before Computer Associates acquired the company in 1994. Beginning and growth (1972–1982) ASK was started in 1972 by Sandra Kurtzig in California. She left her job as a marketing specialist at General Electric and invested $2,000 of her savings to start the company in the apartment she shared with her HP salesman husband. At first, the firm built software for a variety of business applications. ASK was incorporated in 1974. In 1978, Kurtzig came up with ASK's most significant product, named Manman (originally "MaMa"), a contraction of ''manufacturing management''. Manman is manufacturing resource planning (MRP) ERP software that run ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
