Final answer:
The function described is Material Requirements Planning (MRP), a key aspect of manufacturing planning and control. MRP ensures that materials are available for production and final products are ready for delivery. It's part of a broader set of production and operations management decisions.
Step-by-step explanation:
Determining what is required, how much is required, and when it is required is a key function of Material Requirements Planning (MRP), which is a crucial component of the manufacturing planning and control process. MRP systems are designed to manage manufacturing processes, ensuring that the necessary materials are available for production and the products are ready to deliver to customers on time. Moreover, MRP aids in maintaining low inventory levels and provides planning information to production managers.
Other Requirements and Qualifications
Additionally, professionals in this field typically use a logical, systematic approach to solving problems, demonstrate strong communication skills, and follow through on tasks to completion. Qualifications often include a BS in Engineering plus related experience, with a sound knowledge of manufacturing techniques, process control, and the integration of technical designs into production, including LEAN Six Sigma implementation experience.
Production Decision-Making
In the broader context of production and operations management, firms must determine the optimal product mix, manufacturing processes, levels of output, pricing, and labor requirements. These decisions are shaped by production and cost conditions, as well as the market structure, which considers factors like industry competitiveness, market power, product similarity, and market entry barriers.