Exam 9: Material Requirements Planning

The least unit cost method of lot-sizing adds ordering,stock-out,and inventory carrying cost for each trial lot size and divides by the number of units in each lot size,picking the lot size with the lowest unit cost.

(True/False)

4.8/5

(93)

Question 61

Freezing the master schedule is:

(Multiple Choice)

4.9/5

(89)

Question 62

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

(True/False)

4.8/5

(79)

Question 63

The least total cost method (LTC)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.

(True/False)

4.9/5

(67)

Question 64

In a net change MRP program,a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule.

(True/False)

4.8/5

(83)

Question 65

Which of the following is most closely related to the reason a firm might implement MRP?

(Multiple Choice)

4.9/5

(59)

Question 66

MRP provides the schedule specifying when each part and component of an end item should be ordered or produced.

(True/False)

4.8/5

(71)

Question 67

Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500?

(Multiple Choice)

4.9/5

(83)

Question 68

The time-phased plan specifying how many and when the firm plans to build each end item is called the master production schedule (MPS).

(True/False)

5.0/5

(76)

Question 69

Net change MRP reflects the exact status of each item managed by the system in "real time."

(True/False)

4.9/5

(81)

Question 70

master production schedule is an input to a material requirements planning (MRP)system.

(True/False)

4.8/5

(81)

Question 71

In a net change MRP system requirements and schedules are updated whenever a transaction is processed that has an impact on the item.

(True/False)

4.9/5

(75)

Question 72

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

(True/False)

5.0/5

(72)

Question 73

Which of the following is one of the main purposes of a MRP system?

(Multiple Choice)

4.8/5

(77)

Question 74

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to become more "lumpy."

(True/False)

4.8/5

(72)

Question 75

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

(Multiple Choice)

4.8/5

(76)

Question 76

Computing the quantity of each component that goes into a finished product can be done by expanding (or exploding)each item in a product structure file and summing at all levels.

(True/False)

4.9/5

(70)

Question 77

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

(Multiple Choice)

4.9/5

(93)

Question 78

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

(True/False)

4.8/5

(64)

Question 79

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

(True/False)

5.0/5

(72)

Question 80

Showing 61 - 80 of 81

The least unit cost method of lot-sizing adds ordering,stock-out,and inventory carrying cost for each trial lot size and divides by the number of units in each lot size,picking the lot size with the lowest unit cost.

Freezing the master schedule is:

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

The least total cost method (LTC)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.

In a net change MRP program,a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule.

Which of the following is most closely related to the reason a firm might implement MRP?

MRP provides the schedule specifying when each part and component of an end item should be ordered or produced.

Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500?

The time-phased plan specifying how many and when the firm plans to build each end item is called the master production schedule (MPS).

Net change MRP reflects the exact status of each item managed by the system in "real time."

master production schedule is an input to a material requirements planning (MRP)system.

In a net change MRP system requirements and schedules are updated whenever a transaction is processed that has an impact on the item.

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

Which of the following is one of the main purposes of a MRP system?

The deeper one looks into the product creation sequence,the more the requirements of dependent demand items tend to become more "lumpy."

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

Computing the quantity of each component that goes into a finished product can be done by expanding (or exploding)each item in a product structure file and summing at all levels.

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

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

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

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