Question

Which of the following is referred to as MRP II?

• A. Materials Requirement Planning
• B. Materials Resources Policy
• C. Manufacturing Resources Planning
• D. Maximum Retail Price

Answer 1

Answer:

C. Manufacturing Resources Planning

MRP II refers to Manufacturing Resources Planning, which is a method for effective planning of all resources in a manufacturing company. It serves as an extension of MRP and helps in detailed scheduling of raw materials and parts used in end products. Materials Requirement Planning is a planning technique converting the master production schedule into a detailed schedule. Maximum retail price is the highest price labeled on a product, while ERP stands for Enterprise Resource Planning.