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Management Studies

1. A key element in Materials Resource Planning (MRP) in a production environment is ‘Safety Stock’. Why is it necessary to maintain a safety stock of end items and lower level items, despite the availability of sophisticated tools and techniques for MRP? Give one example of safety stock for end item, and one example of safety stock for lower level item.

2. What is analogous to safety stock in ‘services operations’ environment?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93129563

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