Exam 21: Material Requirements Planning

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

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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?

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What are periods of time having some specified level of opportunity for the customer to make changes called? __________________________________________

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

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

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

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A lot-for-lot (L4L) lot-sizing technique does not take into account setup costs or capacity limitations.

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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.

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What is the name for demand caused by the demand for a higher-level item? __________________________

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

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A BOM file is also called which of the following?

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Which of the following is an input file necessary to run an MRP system?

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In a net change MRP system, requirements and schedules are considered rigid and never updated.

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

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Which of the following industry types will not benefit greatly from the application of MRP?

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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.

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Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following?

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The customer grace period is a time span having some specified level of opportunity for the customer to make changes.

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What does it mean when a super bill of materials specifies half of a component part in an assembly? ______________________________________________________

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

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