Asked by Emily Apodaca on May 11, 2024
Verified
Explain the difference between a gross requirements plan and a net requirements plan.
Gross Requirements Plan
A schedule that specifies the amount and timing of future material and component requirements necessary to fulfill the production plan.
Net Requirements Plan
An output of the manufacturing planning process that identifies the quantity and timing of future material or product demands based on current inventory levels and scheduled supply.
- Differentiate between gross and net requirements plans and their implications in MRP.
Verified Answer
Learning Objectives
- Differentiate between gross and net requirements plans and their implications in MRP.
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