Supply and demand matching — definition?
Aligning resources to meet customer needs.
Demand types — three categories?
Runners, repeaters, strangers.
Independent demand — role?
Driven by customer orders, not dependent.
Master Production Schedule — purpose?
Plans production and stabilizes demand.
Bill of Materials — structure?
Hierarchical list of components and assemblies.
Lead time — meaning?
Time to produce or acquire an item.
MRP sheets — function?
Detail procurement and production schedules.
Repeaters — demand pattern?
Seasonal, regular demand during specific periods.
Strangers — demand pattern?
Products never made before.
Dependent demand — based on?
Parent item requirements and BOM.
Demand smoothing — goal?
Even out demand over periods.
Time-phased product structure — use?
Schedules backward from delivery date.
Gross requirements — what?
Total demand from all parent items.
Planned order releases — purpose?
When to order or produce to meet net requirements.
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1. What is the primary purpose of matching supply and demand in operations management?
2. What is the purpose of classifying demand types in production management?
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