Exam 20: Resource Planning

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A load profile displays underloads and overloads.

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For information concerning on-hand quantities,lot sizes,and lead time,figures can be found in the master production schedule (MPS).

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The optimal time required to manufacture a product is called its cumulative lead time.

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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. 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 projected on hand quantity at the end of period 3 would be If EOQ lot sizing is used to set the minimum order quantity,then the projected on hand quantity at the end of period 3 would be

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A matrix is used to organize and display the information generated by the MRP process.

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Given the following MRP matrix for Item E: Given the following MRP matrix for Item E:   The planned order releases for period 4 would be The planned order releases for period 4 would be

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The MRP process of determining requirements for lower level items based on the master production schedule is referred to as

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Because the item master file is an input into the MRP process,it should be updated to reflect any revisions or changes.

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Effective capacity is determined by multiplying the rated capacity by utilization and efficiency.

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Very simple products typically do not require material requirements planning (MRP)to plan production or monitor inventory levels.

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Material requirements planning (MRP)is more useful for simple products and less useful for complex products.

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A load profile compares

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

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The last stage in ERP implementation involves analyzing business processes.

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

(Multiple Choice)
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Given the following MRP matrix for Item C: 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 Projected on Hand at the end of period 7 would be 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 Projected on Hand at the end of period 7 would be

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An enterprise resource planning (ERP)system shares information across functional areas.

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All of the following can be used for underloaded conditions except

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What is the difference between independent and dependent demand?

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Load levelling is used to resolve underloaded and overloaded capacity conditions.

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