Final answer:
The term that applies to a suggested order quantity, release date, and due date created by the planning system's logic in MRP is planned order release.
Step-by-step explanation:
The term that applies to a suggested order quantity, release date, and due date created by the planning system's logic when it encounters net requirements in processing material requirements planning (MRP) is planned order release.
Planned order release is a key component of the MRP process as it determines when the order should be released to meet the production or procurement requirements. It takes into account factors such as lead-time, safety stock, and production or procurement schedule.
For example, if the planning system identifies that there is a net requirement for a certain item, it will generate a planned order release specifying the quantity, release date, and due date for that item to ensure timely fulfillment of the requirement.