Multiple Choice
Which of the following statements concerning MRP systems is FALSE?
A) MRP is a computer-based inventory planning and control information system designed to handle production scheduling of dependent-demand inventories for batch systems.
B) MRP is designed to determine how much is needed and when the need occurs for items that experience dependent demand (components, subassemblies, parts, and raw materials) .
C) MRP systems are based on a replenishment philosophy, which indicates that material should be ordered when stock runs low.
D) The ordering philosophy of MRP may result in "lumpy" demand for component parts.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which of the following statements is correct
Q6: _ systems use a requirements order philosophy,while
Q7: The master production schedule for Product A
Q8: Safety stock in an MRP system <br>A)
Q9: MRP is a type of pull system.
Q11: Which of the following would NOT likely
Q12: Which of the following is true about
Q13: Planned lead times <br>A) usually are longer
Q14: MRP systems work better in a line
Q15: The master schedule is prepared for product