Material Requirements Planning

Question 1

Components of MRP

Answer 1

1. Master schedule
2. BOM bill of materials
3. Inventory records file

Question 2

Master Schedule

Answer 2

AKA Master Production Schedule.

Which end items to be produced, when they are needed, and what quantities.

Question 3

Bill of Materials

Answer 3

hierarchal list of assemblies, subassemblies, parts, and raw materials of each finished product.

Question 4

Inventory Records

Answer 4

decscribes the status of each item by time buckets (time periods).

Question 5

MRPII

Answer 5

Manufacturing Resources Planning. Includes all components of MRP but involves other areas of the firm.

Question 6

Capacity Requirements Planning

Answer 6

process of determining short range capacity requirements.
• Sends load reports for each work center.

o Load reports- compare known and expected capacity requirements with projected capacity availability.
• Determines any variances (underload or overload)
• For mgmt. to consider remedies.

Question 7

Time Fences

Answer 7

• Time intervals,
• Changes are allowed depending on which time interval
• Anything below 4 weeks is fixed.
• Demand fence and planning fence

Question 8

DRP

Answer 8

Distributions Resource Planning for Supply Chain.

Question 9

Enterprise Resource Planning

Answer 9

integrates finances, mfg, and human resources all in one computer system.

Question 10

inventory record

Answer 10

maintains record of onhand inventory balance and scheduled reciepts

Question 11

ATP

Answer 11

the additional amount of a product that can be sold without modifying the master schedule.
used to commit uncomitted portion of a companys inventory or planned production.

Question 12

global atp

Answer 12

product substitutions in the same family