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Exam 20: Material Requirements Planning and Enterprise Resource Planning

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Question 21

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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?

A) Pegging
B) Safety stock
C) Increased order sizes
D) Safety time
E) Low-level coding

F) A) and B)
G) C) and E)

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Question 22

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The three basic inputs of MRP are: 1)the bill of material; 2)inventory on hand,open orders and lead times; and 3)planned order releases.

A) True
B) False

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Question 23

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Which action would not be undertaken if capacity requirements planning (CRP) indicate one or more work stations are projected to be under loaded or over loaded?

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) ___________.

Which of the following are not primary reports provided by MRP systems?

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

The MRP approach that immediately updates only those records directly affected by a change is referred to as a(n) :

MRP usually involves inventory items that have independent demand.

Fixed-interval ordering in MRP places orders that cover a predetermined number of periods.

MRP II involves an expanded approach to production planning and scheduling than MRP.

The emergence of ERP systems was primarily because they are less complex to use than MRP systems.

The master production schedule (MPS)states which product components are to be produced.

A report that compares known and expected future capacity requirements with projected available capacity is a:

Budget overruns when implementing ERP systems are typically caused by:

In MRP processing the difference between a planned-order release and the planned-order receipt is:

The input used in MRP that lists the assemblies,subassemblies,parts,and raw materials needed to produce one unit of finished product is the:

Dependent demand is derived demand.

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.

Given an order cost of $100,a,per period holding cost of $.50,and the following requirements schedule: For which period will the second order be submitted using the part period lot sizing method?

For a given component in an MRP plan,under lot-for-lot ordering,planned order sizes are equal to net requirements.