Exam 6: Resource Planning Systems

Complete the Projected on hand inventory Row Gross Requirements 15 40 40 10 Schedule Receipts 50 Projected on Hand Inventory \nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace\nobreakspace|\nobreakspace\nobreakspace 40 Net Requirements Planned Order Releases 25 Q = 25; LT = 3; SS = 10

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Question 1

Correct Answer:

Verified

$\begin{array}{|l|c|c|c|c|}\hline \mathbf{ Item ~ABC-Level } & \mathbf{1} & \mathbf{2} & \mathbf{3} & \mathbf{4} \\\hline \text { Gross Requirements } & 15 & 40 & 40 & 10 \\\hline \text { Schedule Receipts } & & 50 \\\hline \text { Projected on Hand Inventory ~~~~~~~~~~~~~~~~~|~~} 40 &\mathbf{25}&\mathbf{35}&\mathbf{20}&\mathbf{10} \\\hline \text { Net Requirements } & & & & \\\hline \text { Planned Order Releases } & 25 \\\hline\end{array}$
Q = 25; LT = 3; SS = 10

Which of the following MRP terms represents the parts demanded by a parent?

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Question 2

Correct Answer:

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B

MRP is the production planning system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization.

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(True/False)

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Question 3

Correct Answer:

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False

What is ERP? Why was it developed?

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Question 4

The acronym ERP is short for:

(Multiple Choice)

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Question 5

In a bill of materials, items at which level are independent demand items?

(Multiple Choice)

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Question 6

Organizations that choose to implement the best applications or modules for each of the different functional departments associated with the supply chain versus choosing to implement one single system with all of the desired applications from a single vendor is said to have chosen a(n):

(Multiple Choice)

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Question 7

Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product?

(Multiple Choice)

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Question 8

MRP systems are simply a more modern version of the ERP systems of the 1980's.

(True/False)

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Question 9

Which of the following is considered an advantage/benefit of utilizing an ERP system?

(Multiple Choice)

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Question 10

The process of converting a parent item's planned order releases into component gross requirements is referred to as the ERP Implosion.

(True/False)

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Question 11

Two reasons ERP implementations have been known to fail include: lack of employee training on the new ERP system and lack of adequate resources to support these complex and time consuming implementations.

(True/False)

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Question 12

The goal of resource planning is to minimize the discrepancy between capacity and:

(Multiple Choice)

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Question 13

A Master Production Schedule is a medium-range materials plan.

(True/False)

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Question 14

Lack of communication between the implementing firm and its ERP software provider can become a major hindrance for a successful implementation.

(True/False)

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Question 15

To check the feasibility of the Master Production Schedule, one would look to:

(Multiple Choice)

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Question 16

Which of the following seeks to develop short range plans seeking to effectively and efficiently manage components and/or subassemblies over time period of few days to a few weeks?

(Multiple Choice)

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Question 17

Which number should be placed in the spot presently filled with the X? Item ABC-Level 1 1 2 3 4 Gross Requirements 20 20 50 30 Schedule Receipts 25 Projected on Hand Inventory 30 10 15 40 10 Net Requirements Planned Order Releases X Q = 25; LT = 2; SS = 10

(Multiple Choice)

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Question 18

A Mixed Production Strategy uses a blend of chase and level strategies by striving to maintain a stable core workforce while using other means like temporary workers to manage short-term high demand.

(True/False)

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Question 19

An MRP system has a subassembly with a lot size of 100 units.In terms of filling future requirements, this would mean that planned order releases for the subassembly would always have to be exactly 100 units.

(True/False)

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Question 20

Which of the following MRP terms represents the parts demanded by a parent?

MRP is the production planning system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization.

What is ERP? Why was it developed?

The acronym ERP is short for:

In a bill of materials, items at which level are independent demand items?

Organizations that choose to implement the best applications or modules for each of the different functional departments associated with the supply chain versus choosing to implement one single system with all of the desired applications from a single vendor is said to have chosen a(n):

Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product?

MRP systems are simply a more modern version of the ERP systems of the 1980's.

Which of the following is considered an advantage/benefit of utilizing an ERP system?

The process of converting a parent item's planned order releases into component gross requirements is referred to as the ERP Implosion.

Two reasons ERP implementations have been known to fail include: lack of employee training on the new ERP system and lack of adequate resources to support these complex and time consuming implementations.

The goal of resource planning is to minimize the discrepancy between capacity and:

A Master Production Schedule is a medium-range materials plan.

Lack of communication between the implementing firm and its ERP software provider can become a major hindrance for a successful implementation.

To check the feasibility of the Master Production Schedule, one would look to:

Which of the following seeks to develop short range plans seeking to effectively and efficiently manage components and/or subassemblies over time period of few days to a few weeks?

Which number should be placed in the spot presently filled with the X? Item ABC-Level 1 1 2 3 4 Gross Requirements 20 20 50 30 Schedule Receipts 25 Projected on Hand Inventory 30 10 15 40 10 Net Requirements Planned Order Releases X Q = 25; LT = 2; SS = 10

A Mixed Production Strategy uses a blend of chase and level strategies by striving to maintain a stable core workforce while using other means like temporary workers to manage short-term high demand.

An MRP system has a subassembly with a lot size of 100 units.In terms of filling future requirements, this would mean that planned order releases for the subassembly would always have to be exactly 100 units.

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationships

Ethical and Sustainable Sourcing

Demand Forecasting

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

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