Question 1

For relatively stable situations,a net-change MRP is better suited than using regenerative MRP.

Accepted Answer

A) True 
 B)False

Question 2

Given an order cost of $100,a,per period holding cost of $.50,and the following requirements schedule:  What is the lot size for the second order using the part-period method?

Accepted Answer

A)  80
B)  150
C)  170
D)  250
E)  230F) B) and E)
G) A) and B)

Question 3

Given the following information,develop a material requirements plan that will yield 400 units of product P at the start of week 7.
 11eab92b_c482_0992_99e6_c1c02018d3a4

Accepted Answer

Use the fo...

Question 4

Configuring the ERP software involves reengineering established business processes to align with the ERP's procedural settings.

Accepted Answer

A) True 
 B)False

Question 5

Given an order cost of $100,a,per period holding cost of $.50,and the following requirements schedule:  What is the part-period method lot size for the order for the first period?

Accepted Answer

A)  120
B)  200
C)  280
D)  350
E)  450F) B) and E)
G) A) and B)

Question 6

A regenerative MRP is one that is updated continuously.

Accepted Answer

A) True 
 B)False

Question 7

In MRP,under lot-for-lot ordering,the size of "planned-order receipts" are equal to:

Accepted Answer

A)  "scheduled receipts."
B)  "planned-order releases."
C)  open orders already scheduled to be delivered.
D)  "gross requirements."
E)  the EOQ quantityF) A) and B)
G) B) and D)

Question 8

A phantom bill is a special type of bill of material that is a combination of the bill of materials for a number of subassemblies.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following most closely describes dependent demand?

Accepted Answer

A)  Demand generated by suppliers.
B)  Sales forecasts.
C)  Derived demand.
D)  Demands placed on suppliers by their customers.
E)  Net material requirements.F) A) and D)
G) C) and D)

Question 10

The part-period method for lot sizing attempts to balance setup and holding costs.

Accepted Answer

A) True 
 B)False  True

Question 11

Great Product,Ltd.has just received an order for 100 Whozats,which must be ready for delivery at the start of week six.An MRP planner has prepared the following table showing product structure,lead times (orders are lot-for-lot) ,and quantities on hand:  How many Wherezats should be ordered?

Accepted Answer

A)  400
B)  450
C)  500
D)  550
E)  600F) A) and B)
G) A) and C)

Question 12

Which one of the following is not an input in an MRP system?

Accepted Answer

A)  Planned-order releases
B)  Bill of materials
C)  Master production schedules
D)  Inventory on-hand,open orders and lead timesE) B) and C)
F) A) and C)

Question 13

The bill of material contains information on lead times.

Accepted Answer

A) True 
 B)False

Question 14

The MRP requires a list of the individual parts that will be converted to finished goods.

Accepted Answer

A) True 
 B)False  True

Question 15

Ignoring the possibility of safety stock requirements,which one of the following most closely describes the calculation of net requirements for an item in MRP?

Accepted Answer

A)  Gross requirements - projected on-hand - scheduled receipts
B)  Gross requirements - scheduled receipts
C)  Gross requirements - order releases + amount on-hand
D)  Gross requirements - planned order releases
E)  Gross requirements - projected on-hand + planned order releasesF) D) and E)
G) C) and D)

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The MRP input stating which end items are to be produced,when they are needed,and what quantities are needed,is the:

Accepted Answer

A)  master production schedule.
B)  bill-of-materials.
C)  inventory-records.
D)  assembly-time chart.
E)  net-requirements chart.F) All of the above
G) A) and B)

Question 18

ERP involves software that is used to manage and coordinate all the resources,information,and functions of an organization from a shared database.

Accepted Answer

A) True 
 B)False

Question 19

Load reports show capacity requirements for departments or work centres.

Accepted Answer

A) True 
 B)False  True

Question 20

An assembly-time chart indicates gross and net requirements.

Accepted Answer

A) True 
 B)False

Exam 20: Material Requirements Planning and Enterprise Resource Planning

For relatively stable situations,a net-change MRP is better suited than using regenerative MRP.

Correct AnswerverifiedShow Answer

Given an order cost of $100,a,per period holding cost of $.50,and the following requirements schedule: What is the lot size for the second order using the part-period method?

Correct AnswerverifiedShow Answer

Given the following information,develop a material requirements plan that will yield 400 units of product P at the start of week 7. 11eab92b_c482_0992_99e6_c1c02018d3a4

Correct AnswerverifiedUse the fo...View AnswerShow Answer

Configuring the ERP software involves reengineering established business processes to align with the ERP's procedural settings.

Correct AnswerverifiedShow Answer

Given an order cost of $100,a,per period holding cost of $.50,and the following requirements schedule: What is the part-period method lot size for the order for the first period?

Correct AnswerverifiedShow Answer

A regenerative MRP is one that is updated continuously.

Correct AnswerverifiedShow Answer

In MRP,under lot-for-lot ordering,the size of "planned-order receipts" are equal to:

Correct AnswerverifiedShow Answer

A phantom bill is a special type of bill of material that is a combination of the bill of materials for a number of subassemblies.

Correct AnswerverifiedShow Answer

Which of the following most closely describes dependent demand?

Correct AnswerverifiedShow Answer

The part-period method for lot sizing attempts to balance setup and holding costs.

Correct AnswerverifiedTrue

Great Product,Ltd.has just received an order for 100 Whozats,which must be ready for delivery at the start of week six.An MRP planner has prepared the following table showing product structure,lead times (orders are lot-for-lot) ,and quantities on hand: How many Wherezats should be ordered?

Correct AnswerverifiedShow Answer

Which one of the following is not an input in an MRP system?

Correct AnswerverifiedShow Answer

The bill of material contains information on lead times.

Correct AnswerverifiedShow Answer

The MRP requires a list of the individual parts that will be converted to finished goods.

Correct AnswerverifiedTrue

Ignoring the possibility of safety stock requirements,which one of the following most closely describes the calculation of net requirements for an item in MRP?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The MRP input stating which end items are to be produced,when they are needed,and what quantities are needed,is the:

Correct AnswerverifiedShow Answer

ERP involves software that is used to manage and coordinate all the resources,information,and functions of an organization from a shared database.

Correct AnswerverifiedShow Answer

Load reports show capacity requirements for departments or work centres.

Correct AnswerverifiedTrue

An assembly-time chart indicates gross and net requirements.

Correct AnswerverifiedShow Answer

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Use the fo...
View Answer

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True

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True

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True

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