Exam 17: Material Requirements Planning MRP and ERP

The MPS calls for 120 units of Product M. There are currently 30 of Product M on hand. Each M requires 4 of Component N. There are 20 units of N on hand. a. Calculate the net requirements for M. b. Calculate the gross requirements for N. c. Calculate the net requirements for N.

The __________ technique may be applicable where a firm's parts and subassemblies are common to a variety of its products.

Low level coding means that

The MPS calls for 110 units of Product M. There are currently 30 of Product M on hand. Each M requires 4 of Component N. There are 20 units of N on hand. The net requirements for N are

An error has been detected in the technical drawing of a product about to be placed on a master production schedule. The part should be 9" by 12", not 9 cm by 12 cm; further, the part should be stainless steel, not ordinary steel. What document transmits the needed change? Where is the corrected information recorded? Why is this important to the master production schedule?

Which of the following statements is true about the MRP plan when using lot-for-lot ordering?

If the explosion of the bill of material tells MRP how much of each part is needed, how does MRP learn when each of these parts is needed?

Firms making many different final products use __________ to facilitate production scheduling.

__________, unlike MRP, recognizes that departments and machines have limitations on their capacity that must be observed if the schedule is to be realistic.

Identify the several lot-sizing algorithms used in MRP. Provide at least one advantage and one disadvantage of each.

A(n) __________ is a listing of the components, their description, and the quantity of each required to make one unit of a product.

What do we mean by closed-loop MRP?

Which of the following statements best compares modular bills and phantom bills?

The extension of MRP which extends to resources such as labor hours and machine hours, as well as to order entry, purchasing, and direct interface with customers and suppliers is

The time-phased product structure, unlike the bill of material, adds the concept of lead times.

Wheeled Coach insists all of the following tasks are key to successful MRP use except

The economic part period is a fraction of a time bucket.

Given the following bill of material If the demand for product A is 30 units, and there are 10 units of B on hand and none of C, how many units of part D will be needed?

What is DRP?

Explode the following Bill of materials assuming 1 A is to be made. If there are 20 of every item except A in on-hand inventory how many As can be assembled?