Describe the advantages of cycle counting over an annual physical inventory

1. Describe the advantages of cycle counting over an annual physical inventory 2. Is it possible to control financial totals without physical control of materials in manufacturing? 3. A company president said his firm was too small to afford an MRP system. Discuss. 4. A materials manager said that her firm needed only an order-launching system. Should the loop be closed? 5. Describe how MRP concepts could be used for the following service operations: a. Hotel b. Legal office 6. How are MRP and ERP related?

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