OPMA Chapter 9

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A least total cost lot sizing technique is a dynamic approach that continuously looks for an optimal lot size where carrying costs and ordering costs are lose to equal

Inventory Records File

A material requirements planing system interfaces with the master production schedule, bill-of-materials file and _ _ _

Low-level coding

A process that places all identical parts at the same level n the bills-of-materials simplifies computations. This process is known as ___

Inventory holding and setup

An EOQ lot sizing technique will try to minimize the sum of which of the following costs given a fairly constant demand?

Enterprise Resource Planning (ERP)

An _ _ _system is a computer system that integrated application programs from the functional areas of a firm

modular

An item that can be produces and stocked as a subassembly uses a _ bill-of-materials for planning

Inventory Records File

At any point in time, an MRP system can reference the ___ for information concerning parts availability to hep meet gross requirements.

False

Finished goods purchased by individuals external to the organization are considered dependent demand items.

order release

Lot sizes are the part quantities issued in the planned order receipt planned _ _ sections of an MRP schedule.

Lot-for-lot

Setting planned orders to match the net requirements exactly is what type of lot sizing technique?

The master production schedule

The next level in the planning process down from an aggregate plan is called?

time fences

_ _ are a company's attempt to provide a controlled window of opportunity to make changes to the master production schedule.

net/gross

A _ requirements is the amount needed when the projected available balance plus the scheduled receipts in a period are not sufficient to cover the _ requirements

Indented structure

A bill-of-materials that uses differences in alignment to indicate the order of assembly of components is using which type of structure?

Super

A company producing widgets only needs Part A 40% of the widgets built. The company is likely using what type of bill-of-material?

net

After finding gross requirements, the next step in the MRP explosion process references inventory on hand and scheduled orders to calculate _ requirements

A net change MRP system

If a company has an MRP program that can reflect the exact status of each item in real time, this program is called?

large, expensive

If an end item is quite _ or _, the master production schedule may include major subassemblies and/or complex components

BOM

In industry, a bill-of-material also goes by the acronym

Trucks, appliaces & motors

In which of the following product manufacturing scenarios, would MRP provide the highest benefit?

Least Unit Cost

The ___ lot sizing technique is a dynamic approach that adds ordering and inventory carrying costs for each trail lot size, divides the costs by the number of units and chooses the lot size with the lowest unit cost

Product structure file and product tree

The bill-of-material (BOM) file is also known as

peg

The file created by retracing a material requirement upward in the product structure to identify each parent item that created the demand is called a _ record.

Item Master

The inventory records file contains an __ data segment that contains a detailed description of the item, lead time information, safety stock levels and other records.

Material Requirements Planning (MRP)

The step in the planning process down from the master production is called

Setup/ order/ holding

The ultimate goal o any MRP lot sizing is to balance the _ or _ costs and the _ costs associated with meeting the net requirements generated by the MRP planning process.

Inventory transactions file

When changes occur because of stock receipts and disbursements, scrap losses, wrong parts ad canceled orders, the real-time file capturing these changes is called the:

Orders for specific components needed in repair, inter-department transactions, and customer orders from sales personnel

Which of the following are sources of demand for products in a material requirement planning system?

Fixed time costs

Which of the following is NOT a lot sizing technique used in MRP systems?

gross requirement, scheduled receipts, projected available balance, net requirements, planned- order receipts and planned- order releases data

Which of the following is/are a part of an MRP record?

Never lose sight of the aggregate plan, trade-off manufacturing,engineering and marketing conflicts and be involved with customer order promising

Which of the following is/are issues a master scheduler must consider

slushy

Which type of time fence allows for changes to a specific product so long as parts are available?