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Answer Posted / cheekati
MRP TYPE:
A key that controls the mrp procedure(mrp,re-order point,forecast based,time phased planing)used for planning a material.
Lot sizing:
A procedure in material requirement planning used to calculate orders and production quantities.
there are three groups of procedures exist for calculating the lot size.
1. static lot sizing
2. period lot sizing
3. optimizing lot sizing
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