Asked by Minh Anh Tr?n Ng?c on May 30, 2024
Verified
Distribution resource planning (DRP) is
A) a transportation plan to ship materials to warehouses.
B) a time-phased stock replenishment plan for all levels of a distribution network.
C) a shipping plan from a central warehouse to retail warehouses.
D) material requirements planning with feedback loop from distribution centres.
E) a material requirements planning package used exclusively by warehouses.
Distribution Resource Planning
A method used in business logistics management for planning orders within a supply chain, to ensure that distribution is completed efficiently and inventory levels are kept optimal.
Time-Phased Stock
Inventory planning and control approach that accounts for changes in demand and supply over different time periods, often used in material requirements planning (MRP).
Distribution Network
The interconnected group of storage facilities and transportation systems that move goods from manufacturers to consumers.
- Ascertain the importance of accurate time-phased schedule identification in Material Requirements Planning.
Verified Answer
GS
Ganesh SajjanMay 30, 2024
Final Answer :
B
Explanation :
DRP is a time-phased stock replenishment plan for all levels of a distribution network, which involves forecasting demand, determining inventory requirements, and scheduling replenishment orders to ensure that sufficient stock is available to meet customer demand at all times. It can be used to manage inventory and transportation costs, improve the efficiency of the supply chain, and reduce stockouts and overstocks.
Learning Objectives
- Ascertain the importance of accurate time-phased schedule identification in Material Requirements Planning.