Question 1

Which of the following best describes a gross material requirements plan?

Accepted Answer

A)  a schedule that shows total demand for an item, and when it must be ordered from a supplier or when production must be started 
B)  an intermediate range plan for the scheduling of families of products 
C)  a chart illustrating whether capacity has been exceeded 
D)  a table that corrects scheduled quantities for inventory on hand 
E)  a schedule showing which products are to be manufactured and in what quantities 
A)  a schedule that shows total demand for an item, and when it must be ordered from a supplier or when production must be started 
B)  an intermediate range plan for the scheduling of families of products 
C)  a chart illustrating whether capacity has been exceeded 
D)  a table that corrects scheduled quantities for inventory on hand 
E)  a schedule showing which products are to be manufactured and in what quantities

Question 2

What are the advantages of enterprise resource planning (ERP)?

Accepted Answer

ERP provides integration of the supply c

Question 3

What are the disadvantages of enterprise resource planning (ERP)?

Accepted Answer

ERP is very expensive to purchase, and e

Question 4

Which of the following is not a key benefit of MRP?

Accepted Answer

A)  quality increases 
B)  better response times to customer orders 
C)  faster response to market changes 
D)  improved utilization of facilities 
E)  reduced inventory levels 
A)  quality increases 
B)  better response times to customer orders 
C)  faster response to market changes 
D)  improved utilization of facilities 
E)  reduced inventory levels

Question 5

For the lot-sizing technique known as lot-for-lot to be appropriate

Accepted Answer

A)  future demand should be known for several weeks 
B)  setup cost should be relatively small 
C)  annual volume should be rather low 
D)  item unit cost should be relatively small 
E)  the independent demand rate should be very stable 
A)  future demand should be known for several weeks 
B)  setup cost should be relatively small 
C)  annual volume should be rather low 
D)  item unit cost should be relatively small 
E)  the independent demand rate should be very stable

Question 6

What lot-sizing technique is generally preferred when inventory holding costs are extremely high?

Accepted Answer

A)  lot-for-lot 
B)  EOQ 
C)  part-period balancing 
D)  the Wagner-Whitin algorithm 
E)  All of the above are appropriate for the situation. 
A)  lot-for-lot 
B)  EOQ 
C)  part-period balancing 
D)  the Wagner-Whitin algorithm 
E)  All of the above are appropriate for the situation.

Question 7

Demand for a given item is said to be dependent if

Accepted Answer

A)  it originates from the external customer 
B)  there is a deep bill of material 
C)  the finished products are mostly services (rather than goods) 
D)  there is a clearly identifiable parent 
E)  the item has several children 
A)  it originates from the external customer 
B)  there is a deep bill of material 
C)  the finished products are mostly services (rather than goods) 
D)  there is a clearly identifiable parent 
E)  the item has several children

Question 8

__________ refers to the time units in a material requirements planning (MRP) system.

Accepted Answer

The answer of __________ refers to the time units in...

Question 9

The minimum record accuracy required for successful MRP is approximately

Accepted Answer

A)  lower than 90% 
B)  90% 
C)  95% 
D)  97% 
E)  99% 
A)  lower than 90% 
B)  90% 
C)  95% 
D)  97% 
E)  99%

Which of the following best describes a gross material requirements plan?

What are the advantages of enterprise resource planning (ERP)?

What are the disadvantages of enterprise resource planning (ERP)?

Which of the following is not a key benefit of MRP?

For the lot-sizing technique known as lot-for-lot to be appropriate

What lot-sizing technique is generally preferred when inventory holding costs are extremely high?

Demand for a given item is said to be dependent if

__________ refers to the time units in a material requirements planning (MRP) system.

The minimum record accuracy required for successful MRP is approximately

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Statistical Process Control

Process Strategy

Capacity and Constraint Management

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Supply-Chain Management

Outsourcing as a Supply-Chain Strategy

Inventory Management

Aggregate Planning

Short-Term Scheduling

Just-In-Time and Lean Options

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

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Exam 17: Material Requirements Planning MRP and ERP

Which of the following best describes a gross material requirements plan?

What are the advantages of enterprise resource planning (ERP)?

What are the disadvantages of enterprise resource planning (ERP)?

Which of the following is not a key benefit of MRP?

For the lot-sizing technique known as lot-for-lot to be appropriate

What lot-sizing technique is generally preferred when inventory holding costs are extremely high?

Demand for a given item is said to be dependent if

__________ refers to the time units in a material requirements planning (MRP) system.

The minimum record accuracy required for successful MRP is approximately

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Statistical Process Control

Process Strategy

Capacity and Constraint Management

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Supply-Chain Management

Outsourcing as a Supply-Chain Strategy

Inventory Management

Aggregate Planning

Short-Term Scheduling

Just-In-Time and Lean Options

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Filters