Exam 11: Resource Planning

Use the following MRP record to answer the question. Which one of the statements concerning item LMN is TRUE?

________ is a computerized information system developed specifically to aid in managing dependent-demand inventory and scheduling replenishment orders.

Which best defines the gross requirements for a component item?

Table 11.1 Big Truck Tacos has developed the following forecast of demand and accepted orders for their holiday tacos as they enter the Taco Festival Season.They enter the planning period with 65 holiday tacos in inventory as shown in Week 0. -Use Table 11.1 to answer this question.After scoring a terrific deal on tortillas,Big Truck Tacos decides to produce 120 tacos in weeks 1,2,and 3.If they make tacos in batches of 20,what should their MPS entry be for fifth week of production?

Under which one of the following circumstances can an MRP system be used to its best advantage?

Table 11.1 Big Truck Tacos has developed the following forecast of demand and accepted orders for their holiday tacos as they enter the Taco Festival Season.They enter the planning period with 65 holiday tacos in inventory as shown in Week 0. -Use Table 11.1 to answer this question.If Big Truck Tacos makes tacos in batches of 20,what should their MPS entry be for the first week of production?

A bill of materials (BOM)shows all of the components of an item,the parent-component relationships,usage quantities,and lot size derived from engineering and process designs.

The sums of the quantities in the master production schedule must equal those in the ________.

A bill of materials is a record of all the components of an item,the parent-component relationships,and the usage quantities derived from engineering and process designs.

A firm's existing,older information system is called a "legacy system."

Scenario 11.1 Sunshine Manufacturing produces three products: X,Y,Z.The production of these end items is controlled by an MRP system.Each end item X is assembled with two components of A and one component of B.Each end item of Y is assembled with two components of C and one component of A.End item Z is assembled from one unit of D and one unit of C;D is manufactured from one unit of A;and C is manufactured from one unit of B. -Use the information in Scenario 11.1.If item C has a manufacturing lead time of two weeks,and a planned receipt of 65 units is needed in week 4,which of the following statements is TRUE?

Which statement on MRP explosion is BEST?

In MRP,a(n)________ is an item that may go through one or more operations to be transformed into or become part of one or more parents.

Explain the difference between independent and dependent demand and illustrate your explanation with an example.

Dependent demand for an item occurs because the quantity required for it varies with the production plans of one or more parents.

Scenario 11.3 Use this bill of materials and inventory records to answer the questions. -Use Scenario 11.3 to answer this question.How many units of E are required to produce 20 end items?

A computer-generated memo used by inventory planners to make decisions about releasing new orders and adjusting due dates of scheduled receipts is a(n):

Use the bill of materials and inventory records to determine the additional quantities of purchased items necessary to assemble 15 end items if the manufacturer uses lot-for-lot ordering.There are no end items currently on hand,and none of the components have any scheduled receipts. Inventory amounts indicated in the table are available to produce the end item indicated in this bill of materials.

Table 11.2 Mutts Amazing Dogs has developed the following demand forecast for The Pitbull,a spicy concoction graced by pepperjack cheese,serrano,habanero,poblano and jalapeno peppers,onion,and a cilantro-lime aioli.They enter the planning period with 20 hotdogs in inventory as shown in Week 0.A few customers have standing orders for hotdogs and they have booked catering events over the next two months.They buy their hotdogs in packages of ten just like you and me. -Use Table 11.2 to answer this question.The sales manager realizes that he shifted a decimal point for week 3;instead of customer orders for 30,they actually have customer orders for 300."My bad," he says to no one in particular.The production manager retreats to the sanctity of his office and after dismembering his sales-manager voodoo doll,sets about making things right.What's the proper MPS quantity for week 3 now that the orders are straightened out?

A(n)________ is a record that divides the future into time periods called time buckets.