Discuss the lead time as a function of MRP II logic. Flow of materials Give examples of materials movement to and from customers and suppliers that apply to MRP II logic. Discuss the role of inventory in accomplishing manufacturing objectives. Inventory balancing State the major categories of inventory balancing decisions. Discuss the functional types of inventories found in materials distribution centers.
Classes Explain the classification of inventories according to condition during processing.
Costs Describe the classes of costs which are reviewed in inventory planning. Explain the ABC classification system as it applies to inventory planning. Discuss the use of ABC class designators when applied to the concepts of degree of control, inventory records, priority, and ordering procedures. Management Explain the factors involved in keeping the time interval between consumer level and production rates at a minimum.