Question 1

___ is a lot-sizing technique that orders for multiple demand periods and is referred to as

Accepted Answer

A) Lot-for-lot (L4L). 
B) Periodic order quantity (POQ). 
C) Economic order quantity(EOQ). 
D) Multiple order quantity (MOQ). 
A) Lot-for-lot (L4L). 
B) Periodic order quantity (POQ). 
C) Economic order quantity(EOQ). 
D) Multiple order quantity (MOQ). B

Question 2

Material requirements planning (MRP)is a useful for all of the following except

Accepted Answer

A) dependent demand items. 
B) discrete demand items. 
C) independent demand items. 
D) erratic orders. 
A) dependent demand items. 
B) discrete demand items. 
C) independent demand items. 
D) erratic orders. C

Question 3

Given the following MRP matrix for Item C:   If each order cost $500 and the holding cost is $0.75 per item per period,the periodic order quantity would be

Accepted Answer

A) 3 periods of requirements. 
B) 2 periods of requirements. 
C) 1 period of requirements. 
D) 0 period of requirements. 
A) 3 periods of requirements. 
B) 2 periods of requirements. 
C) 1 period of requirements. 
D) 0 period of requirements. A

Question 4

Planned order releases at one level of a product structure generate gross requirements at the next level.

Accepted Answer

A) True 
 B)False

Question 5

When is it appropriate to use material requirements planning (MRP)?

Accepted Answer

MRP is a useful inventory and

Question 6

A forecast of dependent demand requirements is one of the major inputs into the MRP process.

Accepted Answer

A) True 
 B)False

Question 7

ERP systems are only concerned with production and marketing processes.

Accepted Answer

A) True 
 B)False

Question 8

Given the following MRP matrix for Item C:   If each order cost $500 and the holding cost is $0.75 per item per period,then using the Periodic Order Quantity lot sizing technique,the Planned Order Release for period 4 would be

Accepted Answer

A) 270. 
B) 290. 
C) 340. 
D) 560. 
A) 270. 
B) 290. 
C) 340. 
D) 560.

Question 9

The quantities reported on a master production schedule may reflect a combination of actual and forecasted demand.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following would not be used for an overloaded condition?

Accepted Answer

A) pulling work ahead 
B) rerouting jobs to alternative work centres 
C) pushing work back 
D) splitting lots between two or more machines 
A) pulling work ahead 
B) rerouting jobs to alternative work centres 
C) pushing work back 
D) splitting lots between two or more machines

Question 11

A firm has the following gross requirements for Item F.If ordering costs are $60 per order and carrying costs are $0.50 per period.   If EOQ lot sizing is used to set the minimum order quantity,then the planned order releases would be

Accepted Answer

A) 40 in period 1 and 0 in period 3. 
B) 0 in period 2 and 80 in period 3. 
C) 120 in period 2 and 120 in period 3. 
D) 100 in period 2 and 100 in period 3. 
A) 40 in period 1 and 0 in period 3. 
B) 0 in period 2 and 80 in period 3. 
C) 120 in period 2 and 120 in period 3. 
D) 100 in period 2 and 100 in period 3.

Question 12

A phantom bill of material is used

Accepted Answer

A) to group small,loose parts together. 
B) when the product is manufactured in major subassemblies. 
C) for subassemblies that are immediately consumed in the next stage of production. 
D) when due dates have not been calculated. 
A) to group small,loose parts together. 
B) when the product is manufactured in major subassemblies. 
C) for subassemblies that are immediately consumed in the next stage of production. 
D) when due dates have not been calculated.

Question 13

Given the following MRP matrix for Item E:   The planned order releases for period 3 would be

Accepted Answer

A) 300. 
B) 200. 
C) 75. 
D) 0. 
A) 300. 
B) 200. 
C) 75. 
D) 0.

Question 14

Given the following Product Structure Record:   The number of E's required for each A would be

Accepted Answer

A) 1. 
B) 2. 
C) 3. 
D) 4. 
A) 1. 
B) 2. 
C) 3. 
D) 4.

Question 15

The quantities displayed on a master production schedule represent production and not actual demand.

Accepted Answer

A) True 
 B)False

Question 16

Single-source ERP systems are often easier to integrate than systems built using the best-in-breed approach.

Accepted Answer

A) True 
 B)False

Question 17

What steps are necessary to effectively implement Enterprise Resource Planning (ERP)?

Accepted Answer

Effective ERP implementation typically r

Question 18

The application modules that comprise the ERP system are designed to support only customer relationship management processes.

Accepted Answer

A) True 
 B)False

Question 19

Given the following MRP matrix for Item C:   If each order cost $500 and the holding cost is $0.75 per item per period,then using the Periodic Order Quantity lot sizing technique,the Planned Order Release for period 1 would be

Accepted Answer

A) 270. 
B) 290. 
C) 340. 
D) 560. 
A) 270. 
B) 290. 
C) 340. 
D) 560.

Question 20

What is a bill of material?

Accepted Answer

The bill of material for a product lists

Exam 20: Resource Planning

___ is a lot-sizing technique that orders for multiple demand periods and is referred to as

Material requirements planning (MRP)is a useful for all of the following except

Given the following MRP matrix for Item C: If each order cost $500 and the holding cost is $0.75 per item per period,the periodic order quantity would be

Planned order releases at one level of a product structure generate gross requirements at the next level.

When is it appropriate to use material requirements planning (MRP)?

A forecast of dependent demand requirements is one of the major inputs into the MRP process.

ERP systems are only concerned with production and marketing processes.

Given the following MRP matrix for Item C: If each order cost $500 and the holding cost is $0.75 per item per period,then using the Periodic Order Quantity lot sizing technique,the Planned Order Release for period 4 would be

The quantities reported on a master production schedule may reflect a combination of actual and forecasted demand.

Which of the following would not be used for an overloaded condition?

A firm has the following gross requirements for Item F.If ordering costs are $60 per order and carrying costs are $0.50 per period. If EOQ lot sizing is used to set the minimum order quantity,then the planned order releases would be

A phantom bill of material is used

Given the following MRP matrix for Item E: The planned order releases for period 3 would be

Given the following Product Structure Record: The number of E's required for each A would be

The quantities displayed on a master production schedule represent production and not actual demand.

Single-source ERP systems are often easier to integrate than systems built using the best-in-breed approach.

What steps are necessary to effectively implement Enterprise Resource Planning (ERP)?

The application modules that comprise the ERP system are designed to support only customer relationship management processes.

Given the following MRP matrix for Item C: If each order cost $500 and the holding cost is $0.75 per item per period,then using the Periodic Order Quantity lot sizing technique,the Planned Order Release for period 1 would be

What is a bill of material?

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