Question

Material Requirements Planning DOES NOT include

• A. material price
• B. bill of material
• C. inventory level
• D. production schedule

Answer 1

Answer:

A. material price

Material Requirements Planning (MRP) is a system used for effective inventory management and production planning. It focuses on determining the quantity and timing of material needs. Key components of MRP include the bill of material, inventory levels, and the production schedule. However, it does not encompass the material price, which falls under cost accounting and procurement strategies.