Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand. Dependent ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...

Students will learn applications of operations research methods to practical problems of production planning and inventory control; forecasting; aggregate planning; deterministic and stochastic ...

Production planning takes anticipated capacity requirements and translates them into needs for specific production elements. It allows a company to fulfill sales projections in an efficient manner ...

As the name suggests, production planning is simply a projection of future business--or production--activity. Many companies rely on certain mainstay products to drive company profits. To ensure that ...

Consider a firm that produces multiple products on dedicated production lines (stage 1), which are further customized/calibrated on a shared resource (stage 2), common to all products. The dedicated ...

With over 12,500 members from around the globe, INFORMS is the leading international association for professionals in operations research and analytics. INFORMS promotes best practices and advances in ...

Artificial intelligence technology company Afresh announced Tuesday the launch of a suite of technologies that add production planning and inventory management capabilities to its existing ...

Grown from a one-man business into a global leader, STIHL Group develops, manufactures, and distributes power tools for professional forestry and agriculture, garden and landscape maintenance, the ...

Any business leader knows last-minute changes can wreak operational havoc. Today’s businesses face a never-ending barrage of complex problems while simultaneously dealing with ever-mounting customer ...