Question 1

Which of the following is not a lot sizing technique used in MRP systems?

Accepted Answer

A)  Lot-for-lot (L4L) 
B)  Economic order quantity (EOQ) 
C)  Least total cost (LT
C)  
D)  Least unit cost (LU
C)  
E)  Warehouse loading factor (WLF) 
A)  Lot-for-lot (L4L) 
B)  Economic order quantity (EOQ) 
C)  Least total cost (LT
C)  
D)  Least unit cost (LU
C)  
E)  Warehouse loading factor (WLF)

Question 2

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

Accepted Answer

A)  Bill of materials (BOM) file 
B)  Quality management report 
C)  Exception reports 
D)  Planned-order schedules 
E)  Purchasing contracts 
A)  Bill of materials (BOM) file 
B)  Quality management report 
C)  Exception reports 
D)  Planned-order schedules 
E)  Purchasing contracts

Question 3

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

Accepted Answer

A)  A consistent lag of supply behind demand 
B)  Minimized carrying costs 
C)  Minimized set-up costs 
D)  A just in time management philosophy 
E)  Minimized quality problems 
A)  A consistent lag of supply behind demand 
B)  Minimized carrying costs 
C)  Minimized set-up costs 
D)  A just in time management philosophy 
E)  Minimized quality problems

Question 4

Which of the following is the planned-order release using an MRP program if the gross requirement is 5,000, inventory on hand is 1,200, and planned receipts are 800?

Accepted Answer

A)  7,000 
B)  4,200 
C)  3,000 
D)  2,000 
E)  1,200 
A)  7,000 
B)  4,200 
C)  3,000 
D)  2,000 
E)  1,200

Question 5

One of the main purposes of a MRP system is which of the following?

Accepted Answer

A)  Track inventory levels. 
B)  Create productive capacity. 
C)  Decrease layers of management. 
D)  Develop schedules specifying when each component should be ordered or produced. 
E)  Upgrade manufacturing's professionalism. 
A)  Track inventory levels. 
B)  Create productive capacity. 
C)  Decrease layers of management. 
D)  Develop schedules specifying when each component should be ordered or produced. 
E)  Upgrade manufacturing's professionalism.

Question 6

MRP is based on dependent demand.

Accepted Answer

A) True 
 B)False

Question 7

Net change MRP systems are "activity" driven.

Accepted Answer

A) True 
 B)False

Question 8

The acronym ERP stands for:

Accepted Answer

A)  Executive reliability profile-A human resources program that identifies fast-track middle managers. 
B)  Erratic response parameter-A quality metric indicating that a process is in or out of statistical control. 
C)  Enterprise resource planning-A data base of that ties together all application programs in a firm. 
D)  Emergency response plan-A document required by government indicating planned responses to emergency situations. 
E)  Elevated reply protocol-A list of executives authorized to deal with difficult customer concerns. 
A)  Executive reliability profile-A human resources program that identifies fast-track middle managers. 
B)  Erratic response parameter-A quality metric indicating that a process is in or out of statistical control. 
C)  Enterprise resource planning-A data base of that ties together all application programs in a firm. 
D)  Emergency response plan-A document required by government indicating planned responses to emergency situations. 
E)  Elevated reply protocol-A list of executives authorized to deal with difficult customer concerns.

Question 9

A modular bill of materials is the term for an item that can be produced and stocked as a subassembly.

Accepted Answer

A) True 
 B)False

Question 10

MRP systems seek to achieve which of the following?

Accepted Answer

A)  Minimize lot sizes 
B)  Determine the number of dependent demand items needed 
C)  Relieve capacity bottlenecks 
D)  Provide a yardstick for future improvements 
E)  Improve on JIT methods 
A)  Minimize lot sizes 
B)  Determine the number of dependent demand items needed 
C)  Relieve capacity bottlenecks 
D)  Provide a yardstick for future improvements 
E)  Improve on JIT methods

Question 11

The time-phased plan specifying how many and when the firm plans to build each end item is called the materials requirements plan (MRP.)

Accepted Answer

A) True 
 B)False

Question 12

Low level coding in MRP indicates the exact status of each item managed by the system in "real time."

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50?

Accepted Answer

A)  1,200 
B)  1,300 
C)  1,150 
D)  2,450 
E)  None of these 
A)  1,200 
B)  1,300 
C)  1,150 
D)  2,450 
E)  None of these

Question 14

Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500?

Accepted Answer

A)  1,000 
B)  950 
C)  500 
D)  400 
E)  350 
A)  1,000 
B)  950 
C)  500 
D)  400 
E)  350

Question 15

In a net change MRP program, a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule.

Accepted Answer

A) True 
 B)False

Question 16

The least unit cost method of lot-sizing technique adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

The economic order quantity (EOQ) lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

Accepted Answer

A) True 
 B)False

Question 19

The lot-for-lot (L4L) lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

Accepted Answer

A) True 
 B)False

Question 20

In an MRP problem, A is an MPS item. Every A requires 3 B's and 2 C's. Every B requires 5 C's. All lead times are one period. Initial inventory values for all items are 0. Use lot-for-lot method for order quantities for all items. If gross requirement for A is 400 in period 10, what will be the planned order release for C in period 8?

Accepted Answer

A)  800 
B)  1,600 
C)  6,800 
D)  6,000 
E)  1,200 
A)  800 
B)  1,600 
C)  6,800 
D)  6,000 
E)  1,200

Which of the following is not a lot sizing technique used in MRP systems?

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

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 the planned-order release using an MRP program if the gross requirement is 5,000, inventory on hand is 1,200, and planned receipts are 800?

One of the main purposes of a MRP system is which of the following?

MRP is based on dependent demand.

Net change MRP systems are "activity" driven.

The acronym ERP stands for:

A modular bill of materials is the term for an item that can be produced and stocked as a subassembly.

MRP systems seek to achieve which of the following?

The time-phased plan specifying how many and when the firm plans to build each end item is called the materials requirements plan (MRP.)

Low level coding in MRP indicates the exact status of each item managed by the system in "real time."

Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50?

Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500?

In a net change MRP program, a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule.

The least unit cost method of lot-sizing technique adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost.

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

The economic order quantity (EOQ) lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

The lot-for-lot (L4L) lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Quality Management and Six Sigma

Inventory Management

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Exam 9: Material Requirements Planning

Which of the following is not a lot sizing technique used in MRP systems?

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

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 the planned-order release using an MRP program if the gross requirement is 5,000, inventory on hand is 1,200, and planned receipts are 800?

One of the main purposes of a MRP system is which of the following?

MRP is based on dependent demand.

Net change MRP systems are "activity" driven.

The acronym ERP stands for:

A modular bill of materials is the term for an item that can be produced and stocked as a subassembly.

MRP systems seek to achieve which of the following?

The time-phased plan specifying how many and when the firm plans to build each end item is called the materials requirements plan (MRP.)

Low level coding in MRP indicates the exact status of each item managed by the system in "real time."

Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50?

Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500?

In a net change MRP program, a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule.

The least unit cost method of lot-sizing technique adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost.

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

The economic order quantity (EOQ) lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

The lot-for-lot (L4L) lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters