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Exam 12: MRP and ERP

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Question 21

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The output of MRP is:

A) gross requirements
B) net requirements
C) a schedule of requirements for all parts and end items
D) inventory reorder points
E) economic order quantities and reorder points

F) A) and E)
G) C) and D)

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Question 22

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The multiplication process used by MRP to determine lower level requirements is called:

A) time-phasing
B) pegging
C) netting
D) projecting
E) exploding

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

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Question 23

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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, three-period lot-sizing method is used, what will be the quantity of the first planned receipt?

The inventory records contain information on the status of each item by time period.

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?

In an MRP master schedule, the planning horizon is often separated into a series of times periods called:

Lot-for-lot ordering in MRP eliminates the holding costs for parts that are carried over to other periods.

When MRP II systems include feedback, they are known as:

ERP implementation probably won't require:

Which of these items would be most likely to have dependent 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: (A) There are currently 10 P's on hand. (B) 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.

Lot-for-lot ordering in MRP provides coverage for some predetermined number of periods using forecasted demand to extend beyond the orders already received for those periods.

Comparing known and expected capacity requirements with projected capacity availability is the job of _______.

ERP automates the tasks involved in performing a business process, such as order fulfillment and financial reporting.

In MRP, "scheduled receipts" are:

Capacity requirements planning (CRP) is an important feature in MRP+.

Project Management approaches can help in a conversion to an ERP system.

MRP, considering inventory position, bills of material, open purchase orders and lead times guarantees a feasible production plan if the inputs to MRP are accurate.

Given the following information, construct a product tree diagram and develop a material requirements plan that will lead to 400 units of product P being available at the start of week 7.

ERP's primary value comes from applications ________.