Which of the following lists all components, ingredients, and materials required to produce the final product?
Master production schedule (MPS) plans items that have ''direct'' demand, or ''independent de-mand.'' With independent demand, the demand comes from sales orders, service orders, or fore-casts, and the demand comes directly from customer---or forecasted---requirements. It is the list that provides the timing of the production schedule and shows how much each machine can produce, how many shifts are used, etc.
A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subas-semblies, parts and components, as well as the quantities of each, needed to manufacture a product.
LO 2, AC 2.3
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