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Exam 14: Material Requirements Planning and Enterprise Resource Planning

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Question 1

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What is the part-period method lot size for the order for the first period?

A) 120
B) 200
C) 280
D) 350
E) 450

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Question 2

Multiple Choice

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Which of the following most closely describes dependent demand?

A) Demand generated by suppliers.
B) Sales forecasts.
C) Derived demand.
D) Demands placed on suppliers by their customers.
E) Net material requirements.

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C

Question 3

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The planned-order releases at one level of an MRP plan determine the gross requirements at the next level down in the bill of material.

Independent demand tends to be ___________,while dependent demand tends to be __________.

The following is a list of components required to produce one unit of end item P: P: 2 A's,3 B's,3 C's A: 5 M's,2 R's B:1 D,3 N's. C: 1 T,4 N's M: 1 N Determine the number of N's that will be needed to make 60 P's in each of these cases: (i)There are currently 10 P's on hand. (ii)On-hand inventory consists of 15 P's,10A's,20 B's,10 C's,100 N's,300 T's,and 200 M's.

The master production schedule (MPS)states which end items are to be produced.

The bill of material contains information on lead times.

Budget overruns when implementing ERP systems are typically caused by: I.high equipment costs. II.high training costs. III.high capital interest charges. IV.costs of integrating and testing

Dependent demand is derived demand.

The hierarchical diagram that depicts the subassemblies and components that are needed to produce and/or assemble a product is called a(n) :

Which one of the following most closely describes the MRP approach that is used for components or subassemblies to compensate for variations in lead time?

The gross requirements of a given part or component are determined from:

MRP usually involves inventory items that have independent demand.

Given the following information,construct a product tree diagram and develop a material requirements plan that will yield 400 units of product P at the start of week 7. Use the following form:

The development and application of MRP is primarily associated with two developments: (1) managers recognizing the need to differentiate between independent and dependent demand,and (2) ___________.

What is the economic part-period (EPP) for ordering this item?

ERP involves software that is used to manage and coordinate all the resources,information,and functions of an organization from a shared database.

If 40 Ps are needed,and on-hand inventory consists of 15 Ps and 10 each of all other components and subassemblies,how many Cs are needed?

The MRP requires a list of the individual parts that will be converted to finished goods.

One of the primary reports of MRP concerns changes to open orders.