Question

A computer-based operations management system that uses sales forecasts to make sure that needed parts and materials are available at the right time and place is referred to as ____________ requirement planning.

Answer 1

Material Requirements Planning (MRP) is a system used to manage inventory and ensure materials are available for manufacturing based on sales forecasts.

Step-by-step explanation:

The computer-based operations management system described is referred to as Material Requirements Planning (MRP). MRP systems utilize sales forecasts to efficiently manage inventory levels, ensuring that the necessary parts and materials are available when needed to meet manufacturing schedules. This process is critical in the manufacturing of products, such as vehicles that require components from suppliers like motors and solar cells. Once a product design is completed, the focus shifts to the development of a manufacturing system that encompasses securing suppliers, establishing production facilities, and preparing for sales and marketing efforts.