Lecture 12 MRP ERP

Operations Management Chapter 12: Material Requirement Planning (MRP) and Enterprise Resource Planning (ERP) This lecture explores: Dependent vs Independent Demand Overview of MRP Cumulative Lead Time Assembly Diagram and Product Structure Tree Assembly Time Chart Safety Stock Load Reports Overview of ERP Software Modules Enterprise Resource Planning (ERP) This lecture is ideal for MBA students, business majors, and professionals seeking a clear, structured introduction to how operations support organizational strategy and leadership. 📚 Whether you’re preparing for an exam, teaching a course, or strengthening your leadership toolkit, this session provides a practical and conceptual foundation for managing operations in today’s complex environment. The textbook for this course is Operations Management by William J. Stevenson: https://amzn.to/4ruYWF5 https://amzn.to/3ZNxFkR https://amzn.to/3MJ5KiZ https://amzn.to/4at9s9J As an Amazon Associate, I earn from qualifying purchases. If you found this helpful, please like, subscribe, and share with others studying business and leadership. 0:00 Introduction 0:10 Dependent vs Independent Demand 1:42 Overview of MRP 2:30 Cumulative Lead Time 3:09 Assembly Diagram and Product Structure Tree 4:03 Assembly Time Chart 4:57 Other MRP Considerations: Safety Stock 6:07 Load Reports 7:03 Overview of ERP Software Modules Enterprise Resource Planning (ERP) 9:02 Summary