Exam 13: MRP and ERP

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Comparing known and expected capacity requirements with projected capacity availability is the job of

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A net-change MRP system is one that is updated periodically but not less frequently than once a week.

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Which of the following is not a common problem associated with MRP systems?

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Which statement concerning MRP II is false?

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MRP can apply to services, especially when it is focused on (I)work-in-process inventory. (II)finished goods inventory. (III)service components. (IV)materials that are part of the service process.

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ERP implementation probably will not require

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MRP works best if the inventory items have dependent demand.

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_____ is important and absolutely essential for a successful MRP system.

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The identification of parent items that have generated a given set of material requirements for an item is called

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The gross requirements value for any given component is equal to the net requirements of that component's immediate parent multiplied by the quantity per parent.

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In MRP, EOQ models tend to be less useful for materials at the lowest levels than for upper-level assemblies of the bill of materials since higher-level assemblies have larger dollar investments.

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A bill of materials contains a listing of all the assemblies, parts, and materials needed to produce one unit of an end item.

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In a master schedule, the planning horizon is often separated into a series of time periods called

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Which of the following is a direct input into capacity requirements planning? (I)the master production schedule (II)routing information (III)current shop loads (IV)planned-order releases

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Capacity requirements planning helps managers reconcile __________ with __________.

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The inventory records contain information on the status of each item by time period.

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MRP output reports are divided into two main groups, daily and weekly.

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MRP is used within MRP II systems.

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Which one of the following most closely describes the MRP approach that is used for components or subassemblies to compensate for variations in lead time?

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Which of these products would be most likely to have dependent demand?

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