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.
Correct Answer:
Verified
Q1: Planned lead times
A) usually are longer
Q2: A replenishment-based system derives orders from
A) capacity
Q3: Successful MRP implementation requires
A) management support, parts
Q5: Successful MRP system implementation includes
A) implementation planning.
B)
Q6: Cycle counting
A) is counting a fraction of
Q7: The parts explosion results in the following
Q8: The gross requirements of a part in
Q9: Bills of materials are kept current with
Q10: End item A requires three component parts:
Q11: The master production schedule for Product A
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