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Exam 9: Material Requirements Planning

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Question 1

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Which of the following is the planned-order release using an MRP program if the gross requirement is 5,000,inventory on hand is 1,200,and planned receipts are 800?

A) 7,000
B) 4,200
C) 3,000
D) 2,000
E) 1,200

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Question 2

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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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Question 3

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Generally,determining lot sizes in MRP systems is simple.

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

Which of the following can be used for lot sizing in an MRP system?

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

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

modular bill of materials is the term for an item that can be produced and stocked as a subassembly.

Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50?

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

Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size,picking the lot size with the lowest unit cost?

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

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

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

Net change MRP systems are "activity" driven.

The least unit cost method of lot-sizing technique adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size,picking the lot size with the lowest unit cost.

MRP systems seek to achieve which of the following?

When implemented correctly,MRP links all areas of the business.

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.

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