Cost Approach

A Production Control System in Perspective
The relationship among functions in the whole production control system

The relationship between the production control system and other divisions
Order Receipt/Shipping Control
Demand Forecast
Production Planning
Inventory Control
Material Planning
Engineering Data Control
Purchasing Planning and Acceptance/Acceptance Inspection Control
Manufacturing Planning and Process Control
Quality Control
Cost Control

Asprova MRP

Asprova MRP is calculated on the memory requirement, allocate lead time at a high speed. Can achieve material arrangement Just in Time, which is impossible in other MRP system.

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MRP glossary TOP > Inventory Control > Cost Approach

It is a method to evaluate inventory assets, and in this method the assets are evaluated by the price of purchased parts (acquisition cost). It has following eight types:

Related term: Lower of Cost or Market

Reference：JIT Business Research Mr. Hirano Hiroyuki

Constructive Receive/Issue | Inventory Control | Cycle Counting