Exam 18: Material Requirements Planning

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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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It means that 50% of the units assembled will include that component and 50% will not.

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

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C

Management defines time fences as periods of time having some specific Level of opportunity for the customer to make changes.

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

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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.

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The lot-for-lot (L4L)lot sizing technique minimizes carrying cost by taking into account setup costs and 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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How does flow manufacturing differ from using MRP alone?

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

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MRP is a logical,easily understandable approach to the problem of determining the number of parts,components and materials needed to produce each end item.

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Which of the following is considered a primary report in an MRP system?

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An improvement noted by many firms after implementation of MRP is which of the following?

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Which of the following is not a lot sizing technique used in MRP systems?

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Which of the following files allows us to retrace a material requirement upward in the product structure through each Level,identifying each parent item that created the demand?

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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 an input file necessary to run an MRP system?

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We would expect to see which of the following in an MRP system's inventory transactions file?

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Since MRP systems focus on batch or lot-sized orders and JIT is focused on individual item production,the two systems are incompatible and cannot work together.

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What are the three main inputs to an MRP program?

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

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