Exam 9: Material Requirements Planning

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

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

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

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A BOM file is also called which of the following?

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

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

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

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

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

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A product tree can do which of the following?

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

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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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MRP is based on dependent demand.

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

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

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

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In MRP,how is demand information for a level 0 (zero)item derived? _________________________

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