Filters
Question type
Study Flashcards

In MRP record calculations, the appearance of a negative value for the gross requirements of an end item in a specific time bucket


A) signals the need to purchase that end item in that period
B) implies that value was scheduled by the MPS
C) signals the need for a negative planned order receipt in that period
D) is impossible
E) All of the above are true.

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

Correct Answer

verifed

verified

What information is necessary for an operations manager to make effective use of a dependent inventory demand model?

Correct Answer

verifed

verified

The information necessary for an operati...

View Answer

Wheeled Coach obtains competitive advantage through MRP in part because of their excellent record integrity and insistence on record accuracy.

A) True
B) False

Correct Answer

verifed

verified

Dependent demand and independent demand items differ in that


A) for any product, all components are dependent-demand items
B) the need for independent-demand items is forecast
C) the need for dependent-demand items is calculated
D) All of the above are true.
E) None of the above is true.

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

Correct Answer

verifed

verified

The MPS calls for 110 units of Product A. There are currently 60 of Product A on hand. Each A requires 2 of Part B. There are 30 units of B available. a. Calculate the net requirements for A. b. Calculate the gross requirements for B. c. Calculate the net requirements for B.

Correct Answer

verifed

verified

(a) 110 - 60 = 50; (...

View Answer

Consider the following requirements for a certain product. Consider the following requirements for a certain product. Beginning inventory = 500 units Setup cost = $500 per setup Lead time = 1 week Holding cost = $3 per unit per week a. Develop the lot-for-lot MRP table. b. Calculate the total relevant costs. Beginning inventory = 500 units Setup cost = $500 per setup Lead time = 1 week Holding cost = $3 per unit per week a. Develop the lot-for-lot MRP table. b. Calculate the total relevant costs.

Correct Answer

verifed

verified

There are three setups at $500 each, tot...

View Answer

Compare MRP in services to MRP in manufacturing. Utilize a simple example in your comparison.

Correct Answer

verifed

verified

Services can exhibit dependent demand, j...

View Answer

The master production schedule is a forecast of demand for families of products.

A) True
B) False

Correct Answer

verifed

verified

What are the advantages of enterprise resource planning (ERP)?

Correct Answer

verifed

verified

ERP provides integration of the supply c...

View Answer

A working MRP system allows a firm to react to even minor changes in production requirements. Discuss both the advantages and disadvantages of having such ability.

Correct Answer

verifed

verified

The advantages are it allows the firm to...

View Answer

If X consists of one A and one B, and each A consists of one F and two Gs, then A is the "parent" component of G.

A) True
B) False

Correct Answer

verifed

verified

A paint company mixes ten different base colors into 3,000 different color options. If the MPS is organized around the ten different base colors their bills of material are classified as


A) Phantom
B) Planning
C) Modular
D) Low-Level
E) A and B

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

Correct Answer

verifed

verified

A product has the following gross requirements. Which is cheaperlot-for-lot, part period balance, or EOQ lot sizing? A product has the following gross requirements. Which is cheaperlot-for-lot, part period balance, or EOQ lot sizing? Other data for this scenario include: setup cost = $250, inventory holding cost $2 per unit per week. There is no beginning inventory; there are no scheduled receipts. The usage pattern is expected to continue for the remainder of the year. Other data for this scenario include: setup cost = $250, inventory holding cost $2 per unit per week. There is no beginning inventory; there are no scheduled receipts. The usage pattern is expected to continue for the remainder of the year.

Correct Answer

verifed

verified

Lot-for-lot will cost $250 x 6 = $1,500 for the six periods. EOQ is based on 360/6 = 60 units per week average demand: 11eab9cb_dae2_878c_b53a_1bf9b456dfad_TB2937_00 = 122 Annual setup costs = 11eab9cb_dae2_878d_b53a_6d811be177c5_TB2937_00 ∙ 250 + $6,393; Annual holding costs = 11eab9cb_dae2_ae9e_b53a_d7d763f358ae_TB2937_00 ∙ 2 ∙ 52 = $6,344 Total annual costs = $12,737; Cost for six weeks = 12,737 ∙ 11eab9cb_dae2_ae9f_b53a_6d3d78b18732_TB2937_00 = $1,469 For part-period balancing, the EPP=250/2 = 125. Total cost for PPB over the six periods is $1,210. 11eab9cb_dae2_d5b0_b53a_6ff893d70366_TB2937_00 Summary of costs: LFL = $1,500; EOQ = $1,469; PPB = $1,210. PPB is cheapest lot-sizing model for this problem.

What are time fences? Why are they used?

Correct Answer

verifed

verified

Time fences allow a segment of...

View Answer

Which of the following is not a disadvantage of ERP systems?


A) They involve an ongoing process for implementation, which may never be completed
B) They have software that is off-the-shelf coding.
C) Expertise in ERP is limited, with staffing an ongoing problem.
D) They are so complex that many companies cannot adjust to them.
E) Implementation may require major changes in the company and its processes.

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

Correct Answer

verifed

verified

Which of the following statements best compares modular bills and phantom bills?


A) Both pertain to assemblies that are not inventoried.
B) There is no difference between the two.
C) Both pertain to assemblies that are inventoried.
D) Modular bills are used for assemblies that are not inventoried, unlike phantom bills.
E) Modular bills represent subassemblies that actually exist and are inventoried, while phantom bills represent subassemblies that exist only temporarily and are not inventoried.

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

Correct Answer

verifed

verified

E

The phrase "demand related to the demand for other products" describes


A) a dependent variable
B) dependent demand
C) recursive demand
D) regression analysis
E) independent demand

F) All of the above
G) A) and E)

Correct Answer

verifed

verified

Each X requires 2 of component Y; each Y requires 4 of part Z. The lead time for assembly of X is 1 week. The lead time for the manufacture of Y is 1 week. The lead time for the procurement of Z is 6 weeks. The cumulative lead time for X is __________ weeks.


A) 6
B) 7
C) 8
D) 10
E) cannot be determined

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

Correct Answer

verifed

verified

The __________ is used to correct an erroneous dimension, quantity, or other specification in a bill of material.

Correct Answer

verifed

verified

engineerin...

View Answer

Given the following bill of material Given the following bill of material If the demand for product A is 50 units, what will be the gross requirement for component E? A) 4 B) 100 C) 200 D) 250 E) 300 If the demand for product A is 50 units, what will be the gross requirement for component E?


A) 4
B) 100
C) 200
D) 250
E) 300

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

Correct Answer

verifed

verified

E

Showing 1 - 20 of 172

Related Exams

Exam 1

Operations and Productivity

126 Questions

Exam 2

Operations Strategy in a Global Environment

135 Questions

Exam 3

Project Management

123 Questions

Exam 4

Forecasting

142 Questions

Exam 5

Design of Goods and Services

137 Questions

Exam 6

Managing Quality

130 Questions

Exam 7

Process Strategy

129 Questions

Exam 8

Location Strategies

140 Questions

Exam 9

Layout Strategies

161 Questions

Exam 10

Human Resources, Job Design, and Work Measurement

191 Questions

Exam 11

Supply-Chain Management

145 Questions

Exam 12

Inventory Management

171 Questions

Exam 13

Aggregate Planning

134 Questions

Exam 15

Short-Term Scheduling

139 Questions

Exam 16

Just-In-Time and Lean Options

138 Questions

Exam 17

Maintenance and Reliability

130 Questions

Exam 18

Statistical Tools for Managers

97 Questions

Exam 19

Acceptance Sampling

99 Questions

Exam 20

The Simplex Method of Linear Programming

94 Questions

Exam 21

The Modi and Vam Methods of Solving Transportation Problems

135 Questions

Exam 22

Vehicle Routing and Scheduling

111 Questions

Exam 23

Managing Quality

155 Questions

Exam 24

Process Strategy

107 Questions

Exam 25

Supply-Chain Management

73 Questions

Exam 26

Vehicle Routing and Scheduling

92 Questions

Show Answer