Exam 16: Resource Planning

A(n)________ is an intermediate item that is assembled from one or more components.

Gross requirements are the total demand derived from all parent production plans.

Table 16.3 -Use the information in Table 16.3.What is the planned order release in week 1?

Table 16.3 -Use the following MRP record to answer the question. What will be the projected on-hand inventory quantity in week 7?

Figure 16.8 Inventory amounts indicated in the table are available to produce the end item indicated in this bill of materials. -Use Figure 16.8 to answer this question.How many additional units of E are needed to produce ten end items?

A firm's existing,older information system is called a "legacy system."

In MRP,a(n)________ is an item that may go through one or more operations to be transformed into or become part of one or more parents.

The periodic order quantity (POQ)rule tends to keep more inventory on hand than the lot-for-lot rule,but less inventory on hand than the fixed order quantity rule.

The bill of resources (BOR)is a record of parent-component relationships and all the required materials,equipment time,staff,and other resources needed,including the usage quantities.

Table 16.6 -Use the information from Table 16.6.If an FOQ of 100 units is used,how many planned order releases are there for item XYZ? (Hint: The 80-unit scheduled receipt should remain unchanged,because it has already been released and is being worked on. )

Table 16.2 -Use the following partially completed MRP record to answer the question. What are the quantities of planned order releases for item ABC for the first five weeks (weeks 1,2,3,4,and 5)?

Table 16.7 Viola Products produces one item with the following bill of materials A recent check of their inventory reveals the following quantities on hand. Currently no scheduled receipts exist for any of the dependent demand items. -Use Table 16.7 to answer this question.How many additional units of H are needed to produce seven end items?

Explain the key differences between the FOQ,POQ,and L4L lot-sizing rules.

Table 16.7 Viola Products produces one item with the following bill of materials A recent check of their inventory reveals the following quantities on hand. Currently no scheduled receipts exist for any of the dependent demand items. -Use Table 16.7 to answer this question.How many additional units of G are needed to produce 20 end items?

________ ties the basic MRP system to the company's financial system.

A(n)________ is a record of a service firm's parent-component relationships all of the materials,equipment,time,staff,and other productive assets associated with them,including usage quantities.

Management wishes to use an FOQ lot-sizing rule for an item based on the economic order quantity.If the annual demand is 1,200 units,the holding cost is $10 per unit per year,and the setup cost is $50 per lot,which one of the following fixed-order quantities is most appropriate?

Figure 16.8 Inventory amounts indicated in the table are available to produce the end item indicated in this bill of materials. -Use Figure 16.8 to answer this question.How many additional units of P are needed to produce ten end items?

In MRP,a(n)________ is any item manufactured from one or more components.

If a planned receipt for an item is due in week 6 and the item's lead time is two weeks,in which week will the corresponding planned order release occur?