14 Aug True false -MRP and ERP1. MRP works best if the inventory items have dependent d

True false -MRP and ERP1. MRP
works best if the inventory items have dependent demand.
True False

2. Low
level coding represents items less than $18 per unit.
True False

3. Independent
demand tends to be more ‘lumpy’ than dependent demand meaning that we need
large quantities followed by periods of no demand.
True False

4. Lumpy
demand for components results primarily from the periodic scheduling of batch
production.
True False

5. MRP
is used within most MRP II and ERP systems.
True False

6. The
master production schedule states which end items are to be produced, in
addition to when and how many.
True False

7. Net
requirements equal gross requirements minus safety stock.
True False

8. The
master schedule needs to be for a period long enough to cover the stacked or
cumulative lead time necessary to produce the end items.
True False

9. Initially,
a master production schedule – the output from MRP – may not represent a
feasible schedule.
True False

10. MRP,
considering inventory position, bills of material, open purchase orders and
lead times guarantees a feasible production plan if the inputs to MRP are
accurate.
True False

11. The
bill of materials indicates how much material will be needed to produce the
quantities on a given master production schedule.
True False

12. A
bill of materials contains a listing of all the assemblies, parts, and
materials needed to produce one unit of an end item.
True False

13. The
bill of materials contains information on lead times and current inventory
position on every component required to produce the end item.
True False

14. The
inventory records contain information on the status of each item by time
period.
True False

15. An
assembly-time chart indicates gross and net requirements taking into account
the current available inventory.
True False

16. MRP
II did not replace or improve the basic MRP.
True False

17. The
gross requirements at one level of an MRP plan determine the gross requirements
at the next lower level continuing on down to the lowest levels shown on the
bill of material.
True False

18. The
gross requirements value for any given component is equal to the net
requirements of that component’s immediate parent multiplied by the quantity
per parent.
True False

19. The
term pegging refers to identifying the parent items that have generated a given
set of material requirements for a part or subassembly.
True False

20. A
net-change MRP system is one that is updated periodically but not less
frequently than once a week.
True False

21. One
reason that accurate bills of material are important is that errors at one
level become magnified at lower levels because of the multiplication process
used by MRP.
True False

22. A
regenerative MRP system is one that is updated continuously – every time there
is a schedule change.
True False

23. One
of the primary output reports of MRP concerns changes to planned orders.
True False

24. Safety
time is sometimes used in MRP rather than safety stock quantities.
True False

25. Lot-for-lot
ordering in MRP provides coverage for some predetermined number of periods
using forecasted demand to extend beyond the orders already received for those
periods.
True False

26. MRP
output reports are divided into two main groups – daily and weekly.
True False

27. In
MRP, EOQ models tend to be less useful for materials at the lowest levels than
for upper level assemblies of the bill of materials since higher-level
assemblies have larger dollar investments.
True False

28. Load
reports show capacity requirements for departments or work centers which may be
more or less than the capacity available in that work center.
True False

29. ERP
began in manufacturing organizations but has spread into service
organizations.
True False

30. MRP
II is simply an improved version of MRP that processes faster and can plan for
a larger number of end items.
True False

31. Lot-for-lot
ordering in MRP eliminates the holding costs for parts that are carried over to
other periods.
True False

32. Capacity
requirements planning (CRP) is an important feature in MRP+.
True False

33. Project
Management approaches can help in a conversion to an ERP system.
True False

34. As
long as a forecast is plus or minus 10%, MRP works well.
True False

35. ERP
represents an expanded effort to integrate standardized record-keeping that
shares information among different areas of an organization.
True False

36. Back
flushing takes place after the production has been completed.
True False

37. Before
a schedule receipt can take place, and order must be placed with a
vendor.
True False

38. MRP
really doesn’t apply to services since raw material isn’t required.
True False

39. ERP
implementation requires support and a direct mandate from the CEO because it
impacts so many different functional areas.
True False

40. ERP
automates the tasks involved in performing a business process, such as order
fulfillment and financial reporting.
True False

True false -MRP and ERP1. MRP
works best if the inventory items have dependent demand.
True False 2. Low
level coding represents items less than $18 per unit.
True False 3. Independent
demand tends to be more ‘lumpy’ than dependent demand meaning that we need
large quantities followed by periods of no demand.
True False 4. Lumpy
demand for components results primarily from the periodic scheduling of batch
production.
True False 5. MRP
is used within most MRP II and ERP systems.
True False 6. The
master production schedule states which end items are to be produced, in
addition to when and how many.
True False 7. Net
requirements equal gross requirements minus safety stock.
True False8. The
master schedule needs to be for a period long enough to cover the stacked or
cumulative lead time necessary to produce the end items.
True False 9. Initially,
a master production schedule – the output from MRP – may not represent a
feasible schedule.
True False 10. MRP,
considering inventory position, bills of material, open purchase orders and
lead times guarantees a feasible production plan if the inputs to MRP are
accurate.
True False 11. The
bill of materials indicates how much material will be needed to produce the
quantities on a given master production schedule.
True False 12. A
bill of materials contains a listing of all the assemblies, parts, and
materials needed to produce one unit of an end item.
True False 13. The
bill of materials contains information on lead times and current inventory
position on every component required to produce the end item.
True False 14. The
inventory records contain information on the status of each item by time
period.
True False 15. An
assembly-time chart indicates gross and net requirements taking into account
the current available inventory.
True False 16. MRP
II did not replace or improve the basic MRP.
True False 17. The
gross requirements at one level of an MRP plan determine the gross requirements
at the next lower level continuing on down to the lowest levels shown on the
bill of material.
True False 18. The
gross requirements value for any given component is equal to the net
requirements of that component’s immediate parent multiplied by the quantity
per parent.
True False 19. The
term pegging refers to identifying the parent items that have generated a given
set of material requirements for a part or subassembly.
True False 20. A
net-change MRP system is one that is updated periodically but not less
frequently than once a week.
True False 21. One
reason that accurate bills of material are important is that errors at one
level become magnified at lower levels because of the multiplication process
used by MRP.
True False 22. A
regenerative MRP system is one that is updated continuously – every time there
is a schedule change.
True False 23. One
of the primary output reports of MRP concerns changes to planned orders.
True False 24. Safety
time is sometimes used in MRP rather than safety stock quantities.
True False 25. Lot-for-lot
ordering in MRP provides coverage for some predetermined number of periods
using forecasted demand to extend beyond the orders already received for those
periods.
True False 26. MRP
output reports are divided into two main groups – daily and weekly.
True False 27. In
MRP, EOQ models tend to be less useful for materials at the lowest levels than
for upper level assemblies of the bill of materials since higher-level
assemblies have larger dollar investments.
True False 28. Load
reports show capacity requirements for departments or work centers which may be
more or less than the capacity available in that work center.
True False 29. ERP
began in manufacturing organizations but has spread into service
organizations.
True False 30. MRP
II is simply an improved version of MRP that processes faster and can plan for
a larger number of end items.
True False 31. Lot-for-lot
ordering in MRP eliminates the holding costs for parts that are carried over to
other periods.
True False 32. Capacity
requirements planning (CRP) is an important feature in MRP+.
True False 33. Project
Management approaches can help in a conversion to an ERP system.
True False 34. As
long as a forecast is plus or minus 10%, MRP works well.
True False 35. ERP
represents an expanded effort to integrate standardized record-keeping that
shares information among different areas of an organization.
True False 36. Back
flushing takes place after the production has been completed.
True False 37. Before
a schedule receipt can take place, and order must be placed with a
vendor.
True False 38. MRP
really doesn’t apply to services since raw material isn’t required.
True False 39. ERP
implementation requires support and a direct mandate from the CEO because it
impacts so many different functional areas.
True False 40. ERP
automates the tasks involved in performing a business process, such as order
fulfillment and financial reporting.
True False

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