Chpt 15 Flashcards
(50 cards)
What is Material Requirements Planning (MRP)?
MRP is a computerized production planning and inventory control system.
What is one of MRP’s objectives?
To maintain the lowest possible level of inventory by determining when component items are needed.
What are the four basic steps of the MRP process?
- Exploding the bill of material
- Netting out inventory
- Lot sizing
- Time-phasing requirements.
What is Capacity Requirements Planning (CRP)?
CRP is a computerized system that projects the load from a material plan onto the capacity of a system.
What are the three major inputs to CRP?
- Planned order 2. Routing file 3. Open orders file.
What does CRP identify?
CRP identifies underloads and overloads in the system.
What is load leveling in CRP?
Load leveling is a solution method to balance underloads and overloads.
What is Enterprise Resource Planning (ERP)?
ERP is software that helps companies organize and manage their business processes by sharing information across functional areas.
What are key modules of ERP systems?
- Finance/accounting module 2. Sales/marketing module 3. Production/materials management module 4. Human resources module.
What is a challenge of ERP implementation?
ERP implementation can be capital intensive, making it difficult for small and midsize companies.
What types of software are related to ERP?
Related software includes customer relationship management (CRM), product lifecycle management (PLM), and supply chain management (SCM).
How can PLM (product life cycle management) reduce time to market?
By enabling customer and supplier collaboration on design.
What is assemble-to-order?
A manufacturing environment in which previously completed sub-assemblies are configured to order.
What is backward scheduling?
A method that schedules backward from the due date.
What does best-of-breed refer to?
The selection of ERP modules from different vendors.
What is big data?
Large volumes of both structured and unstructured data.
What is a bill of material (BOM)?
A list of all the materials, parts, and assemblies that make up a product, including quantities, parent–component relationships, and order of assembly.
What does capacity mean in manufacturing?
The maximum capability to produce.
What is capacity requirements planning (CRP)?
A system that creates a load profile that identifies underloads and overloads.
What is cloud computing?
On-demand IT services delivered over the Internet.
What is cumulative lead time?
The total length of time required to manufacture a product.
What is customer relationship management (CRM)?
Software that plans and executes business processes involving customer interaction, such as sales, marketing, fulfillment, and customer service.
What is cycle counting?
An inventory procedure that takes physical count of inventory at various cycles during the year.
What is efficiency in manufacturing?
A measure of how well a machine or worker performs compared with a standard output level.
