ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

PRODUCTION PLANNING AND CONTROL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It provides input for production planning. It contains one planned quantity of product and one date for material or a planned quantity is split over a span of time period.
A
Forecasting
B
Sales and Operations Planning
C
Demand Management
D
Planned Independent Requirement
Explanation: 

Detailed explanation-1: -Planned Independent Requirement provides input for production planning. A PIR contains one planned quantity of product and one date for material or a planned quantity is split over a span of time period.

Detailed explanation-2: -Planned Independent requirements (PIR)are the demand elements for a Finished materials.-PIR’s can be created directly in Tcode : MD61 based on the forecast for the future period.

Detailed explanation-3: -Use T-code MD61 or go to Logistics → Production → Production Planning → Demand Management → Planned Independent Requirements → Create. The single material for which demand needs to be created. MRP area and Plant Code.

Detailed explanation-4: -Planned Independent Requirements are planned production or sales quantities that are based on some sort of forecast procedure (e.g. Material Forecast or S&OP procedure). These numbers are used in MRP to calculate procurement and/or production quantities for a material.

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