Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A)  A consistent lag of supply behind demand 
B)  Minimized carrying costs 
C)  Minimized set-up costs 
D)  A just in time management philosophy 
E)  Minimized quality problems 
A)  A consistent lag of supply behind demand 
B)  Minimized carrying costs 
C)  Minimized set-up costs 
D)  A just in time management philosophy 
E)  Minimized quality problems

Question 3

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

Accepted Answer

A)  Inventory records file 
B)  The aggregate plan 
C)  The bill of materials 
D)  The exception report 
E)  Planned order schedules 
A)  Inventory records file 
B)  The aggregate plan 
C)  The bill of materials 
D)  The exception report 
E)  Planned order schedules

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Lot-for-lot (L4L)is the most common lot sizing technique.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

What are the three main inputs to an MRP program?
1._______________
2._______________
3._______________

Accepted Answer

1 Bill of materials;2 Master schedule;3

Question 8

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

Accepted Answer

A)  Exception report 
B)  Computer-aided-design files 
C)  Inventory records file 
D)  Personnel files 
E)  Planned order schedule 
A)  Exception report 
B)  Computer-aided-design files 
C)  Inventory records file 
D)  Personnel files 
E)  Planned order schedule

Question 9

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

Accepted Answer

A)  350 
B)  247 
C)  23 
D)  185 
E)  78 
A)  350 
B)  247 
C)  23 
D)  185 
E)  78

Question 10

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

Accepted Answer

A)  Educate personnel in basic work rules 
B)  To determine the amount of materials needed to produce each end item. 
C)  Stimulate the work force 
D)  Decrease labor requirements 
E)  Increase inventory accuracy 
A)  Educate personnel in basic work rules 
B)  To determine the amount of materials needed to produce each end item. 
C)  Stimulate the work force 
D)  Decrease labor requirements 
E)  Increase inventory accuracy

Question 11

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.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A)  Planned order schedule 
B)  Exceptions reports 
C)  Inventory record 
D)  Firm orders from known customers 
E)  Engineering change reports 
A)  Planned order schedule 
B)  Exceptions reports 
C)  Inventory record 
D)  Firm orders from known customers 
E)  Engineering change reports

Question 13

A 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 14

The time-phased plan specifying how many and when the firm plans to build each end item is called what? ___________________________________________

Accepted Answer

The master production schedule

Question 15

What is the planned-order release using an MRP program if the gross requirement is 1,600 and the inventory on hand is 600? ______________________________

Accepted Answer

1,000
Explanation: 1,600 - 600 = 1,000.U

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

What is the name for a bill of materials that includes items with fractional options? __________________________

Accepted Answer

Super bill of materials
Explan

Question 18

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 in which these are most nearly equal?

Accepted Answer

A)  Economic Order Quantity 
B)  Lot for lot 
C)  Least total cost 
D)  Least unit cost 
E)  ABC analysis 
A)  Economic Order Quantity 
B)  Lot for lot 
C)  Least total cost 
D)  Least unit cost 
E)  ABC analysis

Question 19

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 20

Time fences are periods of time having some specified level of opportunity for the customer to make changes.

Accepted Answer

A) True 
 B)False

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

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

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

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

Lot-for-lot (L4L)is the most common lot sizing technique.

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

What are the three main inputs to an MRP program? 1._______ 2._ 3._________

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

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

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

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.

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

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

The time-phased plan specifying how many and when the firm plans to build each end item is called what? ___________________________________________

What is the planned-order release using an MRP program if the gross requirement is 1,600 and the inventory on hand is 600? ______________________________

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

What is the name for a bill of materials that includes items with fractional options? __________________________

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 in which these are most nearly equal?

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

Time fences are periods of time having some specified level of opportunity for the customer to make changes.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

Exam 9: Material Requirements Planning

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

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

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

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

Lot-for-lot (L4L)is the most common lot sizing technique.

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

What are the three main inputs to an MRP program? 1._______________ 2._______________ 3._______________

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

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

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

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.

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

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

The time-phased plan specifying how many and when the firm plans to build each end item is called what? ___________________________________________

What is the planned-order release using an MRP program if the gross requirement is 1,600 and the inventory on hand is 600? ______________________________

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

What is the name for a bill of materials that includes items with fractional options? __________________________

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 in which these are most nearly equal?

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

Time fences are periods of time having some specified level of opportunity for the customer to make changes.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

What are the three main inputs to an MRP program? 1._______ 2._ 3._________