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    You have seen several methods for lot sizing in MRP. Why is lot sizing important in MRP? Can too much concern be given lot sizing? Answer in a well-developed paragraph.

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    https://brainmass.com/business/organizational-behaviour/management-mpr-lot-sizing-253123

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    The response addresses the queries posted in 381 words with references.

    //Before discussing about the importance of some aspect, the general information regarding that aspect is necessary. So, firstly, we will discuss about the 'Material Requirements planning' and 'Lot Sizing', which is an important aspect of Production Management.//

    Materials Requirement Planning (MRP) is a 'setting up practice' of an organization's production processes that usually have a number of production levels. It is basically software based production setting up and inventory control scheme, which is used for the direct ...

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    The response addresses the queries posted in 381 words with references.

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