V-Guard Industries Procurement Lead Interview Questions and Answers

MRP stands for Material Requirements Planning. Parameters necessary to run MRP include bill of materials, inventory levels, lead times, and master production schedule.

• MRP is a system used for planning and managing production processes.

• Bill of materials (BOM) is a list of all components needed to manufacture a product.

• Inventory levels help determine when to order materials to meet production demands.

• Lead times refer to ...read more

MRP planning is a system used to manage production processes by determining materials needed and scheduling production.

• MRP stands for Material Requirements Planning

• It involves creating a master production schedule based on demand forecasts

• MRP calculates the materials needed for production based on the bill of materials and lead times

• It helps in managing inventory levels and ensuring timely production

• MRP can be integrat