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Advantages and Disadvantages of MRP

Some of the Advantages and Disadvantages of MRP are as follows. So let us find out information on MRP to know more about it.

Advantages of MRP are :

  1. See the need of purchase of raw materials as well as goods.
  2. Evaluate if a plan can run on existing machines.
  3. Stock
  4. You can see the need
  5. Calculation of consequencies is possible

Disadvantages of MRP are :

  1. Sometimes forecast fails.
  2. Not flexible
  3. Demand Information Technology to run
  4. Complicated to run
  5. Need of reliable informations in the item list

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Process Validation Types

Types of Process Validation: There are mainly four types of process validation. Following are some of the types of process validation so let us see all types one by one:

Prospective process validation

Retrospective process validation

Concurrent process validation

Revalidation

Prospective process validation: "Documented evidence - Validation carried out based on the pre-planned protocol"

Retrospective process validation: "Documented evidence - Validation carried out based on the analysis and review of the historical data"

What is the Full Form of MIS?

MIS - Management Information System

MIS is the study of the  organizations, people and technology,to know the relationship among them in terms of computer system.

MIS study using computerized system is used to evaluate the efficiency and effectiveness of decision making of people in an organization.

Strength and weakness of an employee can be identifed with the help of this study.