 |
| 1 | |
Which of the following is true about MRP Systems? |
| | A) | Based on independent demand |
| | B) | Lot sizing is EOQ |
| | C) | Demand pattern is random |
| | D) | Objective is to meet manufacturing needs |
| | E) | Order philosophy is replenishment |
|
|
|
| 2 | |
Which MRP system input element specifies how many and when the firm plans to build each end item? |
| | A) | Inventory records file |
| | B) | Bills-of-material |
| | C) | Master production schedule |
| | D) | Capacity planning |
| | E) | None of the above |
|
|
|
| 3 | |
The purposes of a basic MRP system include: |
| | A) | To control inventory levels |
| | B) | To prioritize the need for an item |
| | C) | Plan capacity to load the production system |
| | D) | A and B |
| | E) | B and C |
| | F) | A, B, and C |
|
|
|
| 4 | |
Which of the following is not an advantage of MRP? |
| | A) | Visibility of future inventory orders |
| | B) | Reduced inventory |
| | C) | Reduced idle time |
| | D) | MRP is flexible - easy to veer away from the schedule if need arises |
| | E) | Better response to market demand |
|
|
|
| 5 | |
Which of the following most closely describes net material requirements? |
| | A) | Gross requirements – Scheduled receipts |
| | B) | Gross requirements – Projected available balance at the end of previous period + Scheduled receipts |
| | C) | Gross requirements – Projected available balance at the end of previous period - Scheduled receipts |
| | D) | Gross requirements – Planned order releases |
| | E) | None of the above |
|
|
|
| 6 | |
Planned order receipts and planned order releases in an MRP system will: |
| | A) | Always be equal for all components |
| | B) | Will sometimes be equal for components |
| | C) | Will sometimes be equal to the net requirements |
| | D) | B and C |
| | E) | A and C |
|
|
|
| 7 | |
An MRP system that has information feedback from its module output is termed as open-loop MRP system. |
| | A) | True |
| | B) | False |
|
|
|
| 8 | |
JIT is best suited to repetitive manufacturing, whereas MRP is used in everything from custom job shops to assembly-line production. |
| | A) | True |
| | B) | False |
|
|
|
| 9 | |
Lot-sizing techniques include: |
| | A) | Lot-for-lot |
| | B) | Economic order quantity |
| | C) | Least total cost |
| | D) | Least unit cost |
| | E) | A and B |
| | F) | A, B, and C |
| | G) | A, B, C, and D |
|
|
|
| 10 | |
In the Lot-for-Lot lot sizing rule: |
| | A) | The holding cost will be the lowest since no excess inventory is ever carried |
| | B) | It will cost less than economic order quantity |
| | C) | It does not use setup cost in its calculations |
| | D) | Planned order will equal net requirements |
| | E) | A and C |
| | F) | A, B, and C |
| | G) | A, C, and D |
|
|
.