Ops ch. 9 (exam 2)

Which of the following are parts of the material requirements planning system?

- master production schedule -bill of materials -inventory records

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

Customer orders from sales personnel. Inter-department transactions.

the part quantities issued in the planned order receipt and planned order release sections of an MRP schedule.

Least total cost

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

Time fences

If a company has more units in the master production schedule than firm customer orders, the residual is called?

available to promise

MRP systems tend to work best in companies where products are made in_____________, using the same productive equipment.

batches

The master production schedule is used to plan

end items

True or false: Finished goods purchased by individuals external to the organization are considered dependent demand items.

false

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

inventory records file.

the ultimate goal of any MRP lot sizing approach is to balance the setup or _______________ costs and the ______________costs associated with meeting the net requirements generated by the MRP planning process.

order, holding

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

slushy

At any point in time, an MRP system can access the status segment of the inventory record according to specific time periods commonly known as

time buckets

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

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

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

The master production schedule

are the part quantities issued in the planned order receipt and planned order release sections of an MRP schedule. Economic order quantity

lot sizes

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

super