Exam 9: Material Requirements Planning

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A modular bill of materials includes items with fractional options.

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An input to the material requirements planning (MRP) system is an inventory records file.

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

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A product tree can do which of the following?

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The master production schedule states the number of items to be produced during specific time periods.

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An input to the material requirements planning (MRP) system is an exception report.

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Which of the following files allows us to retrace a material requirement upward in the product structure through each level, identifying each parent item that created the demand?

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Which of the following industry types will not benefit greatly from the application of MRP?

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When implemented correctly, MRP links all areas of the business.

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In a typical inventory status record which of the following would you not expect to see?

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The MRP program performs its analysis from the bottom up of the product structure trees, imploding requirements level by level.

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

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

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In an MRP program, the program accesses the status segment of an inventory record according to specific periods called which of the following?

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Projected available balance is the amount of inventory that is expected only at the beginning of a period.

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An output of MRP is a bill of materials (BOM) file.

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

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Which of the following can be used for lot sizing in an MRP system?

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

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"Projected available balance" is a term referring to unsold finished goods inventory.

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