Which of the following is true about MRP Systems?
A) Forecast is based on past demand
B) Lot sizing is EOQ
C) Demand pattern is random
D) Objective is to meet manufacturing needs
E) Order philosophy is replenishment
Correct Answer:
Verified
Q8: A replenishment-based system derives orders from:
A)Capacity available
B)Forecast
Q9: The three inputs for every MRP parts
Q10: In MRP "scheduled receipts" are:
A)Identical to "planned
Q11: A Type II MRP system:
A)Only launches orders
B)Has
Q13: Successful MRP implementation requires:
A)Management support,parts explosion,and adequate
Q14: Cycle counting:
A)Is counting a fraction of inventory
Q14: An inflated master production schedule:
A)Is needed to
Q15: Bills of materials are kept current with
Q16: The bill of materials:
A)Shows how much inventory
Q17: Planned lead times:
A)Usually are longer than actual
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