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Exam 13: MRP and ERP

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Question 21

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Under lot-for-lot, order sizes for component parts are essentially determined directly from which one of the following?

A) gross requirements
B) net requirements
C) economic order quantity
D) gross requirements minus scheduled receipts
E) net requirements minus projected on-hand inventory

F) A) and B)
G) A) and D)

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Question 22

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The MRP input listing the assemblies, subassemblies, parts, and raw materials needed to produce one unit of finished product is the

A) master production schedule.
B) bill of materials.
C) inventory records.
D) assembly time chart.
E) net requirements chart.

F) B) and E)
G) None of the above

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Question 23

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Lot-for-lot ordering in MRP provides coverage for some predetermined number of periods (such as two or three)that extend beyond the orders already received for those periods.

Which of the following most closely describes dependent demand?

The master production schedule states which end items are to be produced, in addition to when and how many.

Lumpy demand for components results primarily from the periodic scheduling of batch production.

Bunny Helpers, Inc., has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of week 6. An MRP planner has prepared the following table showing product structure, lead times (orders are lot-for-lot) , and quantities on hand Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs. How many dark chocolate eggs should be ordered?

A visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a(n)

Net requirements for component J are as follows: 60 units in week 2, 40 units in week 3, and 60 units in week 5. If a fixed-period, two-period lot-sizing method is used, what will be the quantity of the first planned receipt?

Which of the following is not usually necessary in order to have an effective MRP system?

MRP is used to answer what three questions?

ERP is now about enterprise applications

The bill of materials indicates how much material will be needed to produce the quantities on a given master production schedule.

The gross requirements at one level of an MRP plan determine the gross requirements at the next lower level continuing on down to the lowest levels shown on the bill of materials.

MRP II is simply an improved version of MRP that processes more quickly and can plan for a larger number of end items.

When MRP II systems include feedback to revise a plan that is not feasible, they are known as

Refer to this product tree If 17 Ps are needed, and on-hand inventory consists of 10 As, 15 Bs, 20 Cs, 12 Ms, and 5 Ns, how many Cs are needed?

Successful implementation of an effective MRP system depends upon: (1) the recognition of the difference between independent and dependent demand, and (2)

An MRP system whose records are updated continuously is referred to as a(n)

Independent demand tends to be more "lumpy" than dependent demand, meaning that we need large quantities followed by periods of no demand.