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Exam 13: MRP and ERP

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Question 31

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Which of the following represents an attempt to balance the benefits of stability in the production plan against the benefits of responding quickly to new orders?

A) safety stock
B) safety time
C) bills of material
D) time fences
E) fixed-period lot sizing

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

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Question 32

Multiple Choice

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Refer to this product tree If 24 Ys are needed, and on-hand inventory consists of 15Xs and 7As, how many Rs will be needed?

A) 84
B) 154
C) 284
D) 310
E) 384

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

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Question 33

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An MRP system that is updated periodically to account for all changes which have occurred within a given time interval is called a(n) ________ system.

The output of MRP is

The master schedule needs to be for a period long enough to cover the stacked or cumulative lead time necessary to produce the end items.

An assembly-time chart indicates gross and net requirements taking into account the current available inventory.

Load reports show capacity requirements for departments or work centers which may be more or less than the capacity available in that work center.

One reason that accurate bills of material are important is that errors at one level become magnified at lower levels because of the multiplication process used by MRP.

The _________ of ERP makes it valuable as a strategic planning tool.

In many organizations, information flows much more freely within functions than it does across functions. __________ represents an expanded effort to overcome this tendency.

Net requirements equal gross requirements minus safety stock.

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.

MRP II did not replace the basic MRP.

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

One of the primary output reports of MRP concerns changes to planned orders.

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. When should an order for carved chocolate eggs be released?

In MRP, scheduled receipts are

ERP began in manufacturing organizations but has spread into service organizations.

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. What is the net requirement for dark chocolate truffles to fill this order?

Initially, the output from MRP may not represent a feasible schedule.