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Exam 9: Material Requirements Planning

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Question 31

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MRP provides the schedule specifying when each part and component of an end item should be ordered or produced.

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Question 32

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Which of the following is an input to the master production schedule (MPS) ?

A) Inventory records file
B) The aggregate plan
C) The bill of materials
D) The exception report
E) Planned order schedules

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Question 33

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Which of the following is considered a secondary report in an MRP system?

Lot-for-lot (L4L)is the most common lot sizing technique.

A BOM file is often called a product structure file or product tree because it shows how a product is put together.

Time fences are periods of time having some specified level of opportunity for the customer to make changes.

Under the lot-for-lot (L4L) lot sizing technique as used in MRP,we would expect which of the following?

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal?

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

The least total cost method (LTC)lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot in which these are most nearly equal.

What are the three main inputs to an MRP program? 1._______________ 2._______________ 3._______________

The three main inputs to an MRP system are the bill of materials,the master schedule and the inventory records file.

Which of the following industry types have high expected benefits from the application of MRP?

Which of the following is an input file necessary to run an MRP system?

What is the name for a bill of materials that includes items with fractional options? __________________________

Which of the following is one of the main purposes of a MRP system?

What is the planned-order release using an MRP program if the gross requirement is 1,600 and the inventory on hand is 600? ______________________________

A lot-for-lot (L4L)lot sizing technique does not take into account setup costs or capacity limitations.

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to become more "lumpy."

The time-phased plan specifying how many and when the firm plans to build each end item is called what? ___________________________________________