Question 1

Which of the following is not true for action notices that are produced by MRP systems?

Accepted Answer

A)   An action notice is produced when a planned order needs to be released.
B)   An action notice is produced when due dates of orders need to be adjusted.
C)   An action notice is produced when the lead time is not sufficient for a planned order.
D)   An action notice is produced when inventory is moved to the manufacturing floor.
E)   They indicate actions that need to be taken by inventory planners. D

Question 2

What is the primary objective of ERP?

Accepted Answer

Integrate all departments and ...

Question 3

For any period the beginning inventory, plus any replenishment order due, less the gross requirement equals planned orders.

Accepted Answer

A) True 
 B)False

Question 4

ERP systems provide _____ and _____ benefits.

Accepted Answer

A)   tangible, HR
B)   intangible, marketing
C)   marketing, operation
D)   tangible, intangible
E)   CEO, CFO

Question 5

The three criteria for selecting an ERP system include _____________, ________________, and _______________.

Accepted Answer

functionality, ease ...

Question 6

The time interval necessary to either manufacture or purchase an item is its ______________.

Accepted Answer

A)   time fence
B)   lead time
C)   safety time
D)   time bucket
E)   receipt time

Question 7

Selection of the lot size rule to be used should be based on minimizing ____________________.

Accepted Answer

A)   the order size
B)   late shipments
C)   total processing time
D)   quality problems
E)   the sum of ordering and carrying costs

Question 8

___________________ uses the planned orders generated by MRP to evaluate the feasibility of long-term or blanket contracts and to determine delivery need.

Accepted Answer

The answer of ___________________ uses the planned orders generated by...

Question 9

Owens Corning reported savings of ______________ by using ERP.

Accepted Answer

A)   $6 million
B)   $16 million
C)   $65 million
D)   $600 million
E)   $660 million

Question 10

Given the following data:
  
The end product J is made from components K and L. The authorized MPS calls for 200 J to be completed in week 3, 300 J to be completed in week 5, and 300 J to be completed in week 6. There is a scheduled receipt of 400 L in week 2.
(a) What are the gross requirements for K and L?
(b) What are the planned orders for K and L?

Accepted Answer

(a) for K - 1,600 in week 2, 2,400 in we...

Question 11

The current time period is referred to as __________________.

Accepted Answer

A)   time zero
B)   the point of departure
C)   the start time
D)   the action bucket
E)   this year

Question 12

With capacity requirements planning, the calculated workload for a work center is compared with ___________.

Accepted Answer

A)   available capacity
B)   calculated workloads for other work centers
C)   the cost of expanding the work center
D)   standard capacity
E)   design capacity A

Question 13

If an order is not scheduled to arrive in time, the planner tries to cancel the order.

Accepted Answer

A) True 
 B)False

Question 14

A computer-based information system designed to manage dependent demand inventory is _____________.

Accepted Answer

A)   manufacturing resources planning
B)   multifunctional requirements planning
C)   material relationships planning
D)   material requirements planning
E)   manufacturing requirements planning

Question 15

Given the following data:
  
(a) What are the workloads for periods 3 and 4?
(b) There are 168 hours of operating time per machine each period. How many machines should be operated for periods 3 and 4?

Accepted Answer

(a) 416.2 hours for period 3, and 1,197.7 hours for period 4; (b) 3 machines for period 3, and 8 machines for period 4

Question 16

Which of the following is not true for planned orders?

Accepted Answer

A)   They are necessary only for finished products.
B)   They result when there is not enough inventory to cover the gross requirements.
C)   The quantity is calculated using the lot-sizing rule.
D)   The lead time is required to determine when the order should be placed.
E)   The inventory records file is updated for the order.

Question 17

Which of the following most closely describes dependent demand?

Accepted Answer

A)   demand generated by suppliers
B)   demand that is seasonal
C)   demand estimates using regression analysis
D)   demand derived from finished products
E)   demand for repair parts

Question 18

The primary objective of ERP is to integrate all departments and functions, internal and external, onto a single computer system to serve the enterprise's needs.

Accepted Answer

A) True 
 B)False

Question 19

Supply chain intelligence enables ______________ along the supply chain.

Accepted Answer

strategic ...

Question 20

A(n) __________ sets up and runs ERP systems.

Accepted Answer

Applicatio...

Exam 14: Resource Planning

Which of the following is not true for action notices that are produced by MRP systems?

Correct Answer
verified
D

What is the primary objective of ERP?

Correct Answer
verified
Integrate all departments and ...
View Answer

For any period the beginning inventory, plus any replenishment order due, less the gross requirement equals planned orders.

Correct Answer
verified

ERP systems provide _ and _ benefits.

Correct Answer
verified

The three criteria for selecting an ERP system include _, , and ___.

Correct Answer
verified
functionality, ease ...
View Answer

The time interval necessary to either manufacture or purchase an item is its ______________.

Correct Answer
verified

Selection of the lot size rule to be used should be based on minimizing ____________________.

Correct Answer
verified

___________________ uses the planned orders generated by MRP to evaluate the feasibility of long-term or blanket contracts and to determine delivery need.

Correct Answer
verified

Owens Corning reported savings of ______________ by using ERP.

Correct Answer
verified

Correct Answer
verified
(a) for K - 1,600 in week 2, 2,400 in we...
View Answer

The current time period is referred to as __________________.

Correct Answer
verified

With capacity requirements planning, the calculated workload for a work center is compared with ___________.

Correct Answer
verified
A

If an order is not scheduled to arrive in time, the planner tries to cancel the order.

Correct Answer
verified

A computer-based information system designed to manage dependent demand inventory is _____________.

Correct Answer
verified

Given the following data: (a) What are the workloads for periods 3 and 4? (b) There are 168 hours of operating time per machine each period. How many machines should be operated for periods 3 and 4?

Correct Answer
verified
(a) 416.2 hours for period 3, and 1,197.7 hours for period 4; (b) 3 machines for period 3, and 8 machines for period 4

Which of the following is not true for planned orders?

Correct Answer
verified

Which of the following most closely describes dependent demand?

Correct Answer
verified

The primary objective of ERP is to integrate all departments and functions, internal and external, onto a single computer system to serve the enterprise's needs.

Correct Answer
verified

Supply chain intelligence enables ______________ along the supply chain.

Correct Answer
verified
strategic ...
View Answer

A(n) __________ sets up and runs ERP systems.

Correct Answer
verified
Applicatio...
View Answer

Exam 14: Resource Planning

Which of the following is not true for action notices that are produced by MRP systems?

Correct AnswerverifiedD

What is the primary objective of ERP?

Correct AnswerverifiedIntegrate all departments and ...View AnswerShow Answer

For any period the beginning inventory, plus any replenishment order due, less the gross requirement equals planned orders.

Correct AnswerverifiedShow Answer

ERP systems provide _____ and _____ benefits.

Correct AnswerverifiedShow Answer

The three criteria for selecting an ERP system include _____________, ________________, and _______________.

Correct Answerverifiedfunctionality, ease ...View AnswerShow Answer

The time interval necessary to either manufacture or purchase an item is its ______________.

Correct AnswerverifiedShow Answer

Selection of the lot size rule to be used should be based on minimizing ____________________.

Correct AnswerverifiedShow Answer

___________________ uses the planned orders generated by MRP to evaluate the feasibility of long-term or blanket contracts and to determine delivery need.

Correct AnswerverifiedShow Answer

Owens Corning reported savings of ______________ by using ERP.

Correct AnswerverifiedShow Answer

Correct Answerverified(a) for K - 1,600 in week 2, 2,400 in we...View AnswerShow Answer

The current time period is referred to as __________________.

Correct AnswerverifiedShow Answer

With capacity requirements planning, the calculated workload for a work center is compared with ___________.

Correct AnswerverifiedA

If an order is not scheduled to arrive in time, the planner tries to cancel the order.

Correct AnswerverifiedShow Answer

A computer-based information system designed to manage dependent demand inventory is _____________.

Correct AnswerverifiedShow Answer

Given the following data: (a) What are the workloads for periods 3 and 4? (b) There are 168 hours of operating time per machine each period. How many machines should be operated for periods 3 and 4?

Correct Answerverified(a) 416.2 hours for period 3, and 1,197.7 hours for period 4; (b) 3 machines for period 3, and 8 machines for period 4

Which of the following is not true for planned orders?

Correct AnswerverifiedShow Answer

Which of the following most closely describes dependent demand?

Correct AnswerverifiedShow Answer

The primary objective of ERP is to integrate all departments and functions, internal and external, onto a single computer system to serve the enterprise's needs.

Correct AnswerverifiedShow Answer

Supply chain intelligence enables ______________ along the supply chain.

Correct Answerverifiedstrategic ...View AnswerShow Answer

A(n) __________ sets up and runs ERP systems.

Correct AnswerverifiedApplicatio...View AnswerShow Answer

Correct Answer
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D

Correct Answer
verified
Integrate all departments and ...
View Answer

Correct Answer
verified

ERP systems provide _ and _ benefits.

Correct Answer
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The three criteria for selecting an ERP system include _, , and ___.

Correct Answer
verified
functionality, ease ...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
(a) for K - 1,600 in week 2, 2,400 in we...
View Answer

Correct Answer
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Correct Answer
verified
A

Correct Answer
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Correct Answer
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Correct Answer
verified
(a) 416.2 hours for period 3, and 1,197.7 hours for period 4; (b) 3 machines for period 3, and 8 machines for period 4

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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strategic ...
View Answer

Correct Answer
verified
Applicatio...
View Answer