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Asked by SiYata Hackett on Jun 21, 2024

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The time-phased product structure, unlike the bill of material, adds the concept of lead times.

Time-Phased Product Structure

A detailed chart representing the timing and quantity of each component needed in the manufacturing process over time.

Bill Of Material

A comprehensive list of raw materials, components, and assemblies needed to manufacture or repair a product.

Lead Times

The period between the initiation and completion of a process or project, such as the time from placing an order to delivery or from product development to market launch.

  • Recognize the significance and application of various components of an MRP system including bills of material, time-phased product structures, and master production schedules.
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KS
Kavalpreet Singh SidhuJun 26, 2024
Final Answer :
True
Explanation :
The time-phased product structure includes lead times for each component, which allows for better planning and scheduling of production. The bill of material only lists the components and their quantities needed for production.

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