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Action bucket - correct answer ✔The current time period.
Action notices - correct answer ✔Output from an MRP system that identifies
the need for an action to be taken.
Application service provider (ASP) - correct answer ✔Sets up and runs ERP
systems.
Backward scheduling - correct answer ✔Starts with the due date for an order
and works backward to determine the start date for each activity.
Bill of material (BOM) - correct answer ✔Lists all the subassemblies,
component parts, and raw materials that go into an end item and shows the
usage quantity of each required.
Capacity requirements planning (CRP) - correct answer ✔Determines the
labor and machine resources needed to fill the open and planned orders
generated by the MRP.
Closed-loop MRP - correct answer ✔An MRP system that includes
production planning, master production scheduling, and capacity requirements
planning
Components - correct answer ✔Raw materials, purchased items, or
subassemblies that are part of a larger assembly.