Answered: Create a diagram that depicts the…

Create a diagram that depicts the relationship between ERP, MRP and MPS. Diagram should include a description of each (ERP, MRP and MPS) along with the key functions within an ERP and MRP system.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Create a diagram that depicts the relationship between ERP, MRP and MPS. Diagram should include a description of each (ERP, MRP and MPS) along with the key functions within an ERP and MRP system.

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Step 1: Introduction

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Step 2: Material resources Planning (MRP):

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Step 3: Master Production Scheduling (MPS):

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Step 4: Key functions of an ERP system:

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