Discuss the role of ‘product structure’ in materials requirement planning.

In materials requirement planning (MRP), the product structure, also known as the bill of materials (BOM), plays a pivotal role in orchestrating the entire manufacturing process. Essentially, the product structure delineates the hierarchical relationship between the final product and its components. Here's how it contributes to advance inventory planning:

1. Hierarchy Establishment: The product structure establishes a clear _________ ____ _______ _______ ______ _____ _______ _____ ____ ______.
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