Which of the following represents a major method to establish a forecast for the need for MRO
Supplies?
A) Base the forecast on the lot sizes of production material
B) Base the forecast on the mean time between failures
C) Base the forecast on the exponential smoothing approach
D) Base the forecast on extrinsic methods

Question

Quizplus · Accepted Answer

Basing the forecast on the mean time between failures is a major method for establishing a forecast for the need for MRO supplies. This approach calculates the average amount of time that passes between equipment failures, and can help predict when maintenance or replacement will be required.

Which of the Following Represents a Major Method to Establish