Question 1

BOM file is often called a product structure file or product tree because it shows how a product is put together.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot size in which these are most nearly equal?

Accepted Answer

A) Kanban 
B) Just-in-time system 
C) MRP 
D) Least unit cost 
E) Least total cost 
A) Kanban 
B) Just-in-time system 
C) MRP 
D) Least unit cost 
E) Least total cost

Question 3

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 4

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 5

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

Accepted Answer

A) Scrap allowance 
B) Order quantity 
C) Gross requirements 
D) Planned-order releases 
E) Lost items 
A) Scrap allowance 
B) Order quantity 
C) Gross requirements 
D) Planned-order releases 
E) Lost items

Question 6

If annual demand is 12,000 units,annual holding cost is $15 per unit,and setup cost per order is $25,which of the following is the EOQ lot size?

Accepted Answer

A) 2,000 
B) 1,200 
C) 1,000 
D) 300 
E) 200 
A) 2,000 
B) 1,200 
C) 1,000 
D) 300 
E) 200

Question 7

MRP stands for Manufacturing Requirements Planning.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

BOM file is also called which of the following?

Accepted Answer

A) Product tree 
B) Stocking plan 
C) Inventory usage record 
D) Production parts plan 
E) Time bucket schedule 
A) Product tree 
B) Stocking plan 
C) Inventory usage record 
D) Production parts plan 
E) Time bucket schedule

Question 10

modular bill of materials includes items with fractional options.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an input to the master production schedule?

Accepted Answer

A) Bill of materials (BOM)file 
B) Inventory records file 
C) Exception reports 
D) Planned-order schedules 
E) None of these 
A) Bill of materials (BOM)file 
B) Inventory records file 
C) Exception reports 
D) Planned-order schedules 
E) None of these

Question 12

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

Accepted Answer

A) Fabricate-to-order 
B) Hospitals 
C) Assemble-to-order 
D) Aircraft manufacturers 
E) Oil refineries 
A) Fabricate-to-order 
B) Hospitals 
C) Assemble-to-order 
D) Aircraft manufacturers 
E) Oil refineries

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to smooth out and become even over time.

Accepted Answer

A) True 
 B)False

Question 15

Manufacturing firms maintain bill of materials (BOM)files,which are simply a sequencing of everything that goes into a final product.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) Cubed time units 
B) Time buckets 
C) BOM units 
D) Time modules 
E) Time lines 
A) Cubed time units 
B) Time buckets 
C) BOM units 
D) Time modules 
E) Time lines

Question 17

The least unit cost method (LUC)lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot in which these are most nearly equal.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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 20

MRP is least valuable in industries where a number of products are made in batches using the same productive equipment.

Accepted Answer

A) True 
 B)False

BOM file is often called a product structure file or product tree because it shows how a product is put together.

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot size in which these are most nearly equal?

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

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

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

If annual demand is 12,000 units,annual holding cost is $15 per unit,and setup cost per order is $25,which of the following is the EOQ lot size?

MRP stands for Manufacturing Requirements Planning.

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

BOM file is also called which of the following?

modular bill of materials includes items with fractional options.

Which of the following is an input to the master production schedule?

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

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

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to smooth out and become even over time.

Manufacturing firms maintain bill of materials (BOM)files,which are simply a sequencing of everything that goes into a final product.

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

The least unit cost method (LUC)lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot in which these are most nearly equal.

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

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

MRP is least valuable in industries where a number of products are made in batches using the same productive equipment.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters

Exam 9: Material Requirements Planning

BOM file is often called a product structure file or product tree because it shows how a product is put together.

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot size in which these are most nearly equal?

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

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

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

If annual demand is 12,000 units,annual holding cost is $15 per unit,and setup cost per order is $25,which of the following is the EOQ lot size?

MRP stands for Manufacturing Requirements Planning.

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

BOM file is also called which of the following?

modular bill of materials includes items with fractional options.

Which of the following is an input to the master production schedule?

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

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

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to smooth out and become even over time.

Manufacturing firms maintain bill of materials (BOM)files,which are simply a sequencing of everything that goes into a final product.

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

The least unit cost method (LUC)lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering)costs for various lot sizes and then selects the lot in which these are most nearly equal.

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

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

MRP is least valuable in industries where a number of products are made in batches using the same productive equipment.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters