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Material requirements planning. Material requirements planning ( MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
Purchase order request. A purchase order request or purchase requisition is a request sent internally within a company to obtain purchased goods and services, including stock. The request is a document which tells the purchasing department or manager exactly what items and services are requested, the quantity, source and associated costs.
A multi-level bill of materials (BOM), referred to as an indented BOM, is a bill of materials that lists the assemblies, components, and parts required to make a product in a parent-child, top-down method. It provides a display of all items that are in parent-children relationships. When an item is a sub-component, of a (parent) component, it ...
A material take off (MTO) is the process of analyzing the drawings and determining all the materials required to accomplish the design. Thereafter, the material take off is used to create a bill of materials (BOM). Procurement and requisition are activities that occur after the bill of materials is complete, distinct from Inspection.
Return merchandise authorization. A return merchandise authorization ( RMA ), return authorization ( RA) or return goods authorization ( RGA) is a part of the process of returning a product to receive a refund, replacement, or repair to which buyer and seller agree during the product's warranty period. [1] [2]
The International Material Data System ( IMDS) is a global data repository that contains information on materials used by the automotive industry. Several leading auto manufacturers use the IMDS to maintain data for various reporting requirements. In the IMDS, all materials present in finished automobile manufacturing are collected, maintained ...
Production order. A production order is an order issued within a company to produce a specific quantity of material within a certain timeframe. A production order may be issued pursuant to a sales order, and its issuance triggers a number of events. If components in the bill of materials are in stock, reservations are generated for those items ...
A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
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