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Operations 3100Test4

Test 4 Info

QuestionAnswer
Gross Requirements Total expected demand for an item or raw material during each time period without regard to the amount on hand.
Scheduled Receipts Open orders (orders that have been placed and are scheduled to arrive from vendors)
Projected on Hand The expected amount of inventory that will be on hand at the beginning of each period
Net Requirements The actual amount needed in each time period
Planned order Reciepts The quantity expected to be received by the beginning of the period in which it is shown.
Planned order Releases Planned amount to order in each time period; equals planned order receipts offset by leadtimes.
Created by: 565907251
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