Exam 6: Resource Planning Systems

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

ERP systems that operate from multiple decentralized databases were engineered to replace the older legacy MRP systems.

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

The acronym ERP is short for:

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.

Explain the three basic production strategies used to complete the aggregate plan.

Complete the Projected on Hand Inventory row.​ Item - Road Bike A Gross Requirements 15 40 40 10 Schedule Receipts 50 Projected on Hand Inventory 40 Planned Order Releases 25 Q = 25; LT = 3; SS = 10

While ERP is a relatively new technology,it has grown rapidly since the early 1990s.Which of the following is the reason that has contributed to its rapid growth?

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

Which of the following is NOT one of the three basic methods used to calculate the available-to-promise quantities?

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.

What is the most important output of the MRP?

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

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

When a single company that is implementing an ERP system chooses to use one company to provide an operations module,another to provide the sales and marketing application,and yet another company to provide the finance and accounting module,that single company has chosen to utilize the best-of-breed solution.

Not all ERP software is designed to provide the exact same tools,nonetheless,some of the common modules usually included in ERP software packages include:

What does that mean if your organization has chosen to adopt a best-of-breed solution?

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

Which of the following basic production strategies used for addressing the aggregate planning problem would work best with make-to-order manufacturing firms?

Given the following information,complete the MRP records below and explain how the numbers are generated.Note the bill of materials.Also note the lot sizes and lead times.There are no scheduled receipts and no safety stock is required.