BIT 3414 Quiz 5 questions & answered
graded A+
This method schedules items to be ready when they are needed-no earlier no later? - ANS
✔✔Material Requirements Planning
What is considered an extension of Inventory Management? - ANS ✔✔Material Requirements
Planning
What are the 3 Material Requirements Planning inputs? - ANS ✔✔1. Master Production
Schedule
2. Item Master File
3. Product Structure File
This specifies which end items or finished products a firm is to produce, how many are needed,
and when they are needed? - ANS ✔✔Master Production Schedule
A database of information on every item produced, ordered, or inventoried - ANS ✔✔Item
Master File
The total length of time needed to manufacture a product? - ANS ✔✔Cumulative lead time
A file that contains a computerized bill of material for every item produced? - ANS ✔✔Product
structure file
, A list of all the materials, parts, and assemblies that make up a product, including quantities,
parent-component relationships, and order of assembly? - ANS ✔✔Bill of material
What is an example of a Bill of material? - ANS ✔✔Product structure diagram
Name or number identifying scheduled item? - ANS ✔✔Item
Lowest level item appears in a product structure? - ANS ✔✔LLC (low-level-code)
Determining the quantities in which items are usually made or purchased.
Mult: order multiples of this quantity Min: order minimum of this quantity - ANS ✔✔Lot size
Time from order placement to receipt? - ANS ✔✔LT (lead time)
Demand for the item? - ANS ✔✔Gross Requirements
Quantity on order (listed when scheduled to arrive) - ANS ✔✔Scheduled Receipts
Expected on hand inventory at the end of the period? - ANS ✔✔Projected on hand
Quantity to be provided (listed when needed) - ANS ✔✔Net Requirements
Net requirements adjusted for lot sizes - ANS ✔✔Planned Order Receipts
Planned order receipts offset for lead times - ANS ✔✔Planned Order Releases
graded A+
This method schedules items to be ready when they are needed-no earlier no later? - ANS
✔✔Material Requirements Planning
What is considered an extension of Inventory Management? - ANS ✔✔Material Requirements
Planning
What are the 3 Material Requirements Planning inputs? - ANS ✔✔1. Master Production
Schedule
2. Item Master File
3. Product Structure File
This specifies which end items or finished products a firm is to produce, how many are needed,
and when they are needed? - ANS ✔✔Master Production Schedule
A database of information on every item produced, ordered, or inventoried - ANS ✔✔Item
Master File
The total length of time needed to manufacture a product? - ANS ✔✔Cumulative lead time
A file that contains a computerized bill of material for every item produced? - ANS ✔✔Product
structure file
, A list of all the materials, parts, and assemblies that make up a product, including quantities,
parent-component relationships, and order of assembly? - ANS ✔✔Bill of material
What is an example of a Bill of material? - ANS ✔✔Product structure diagram
Name or number identifying scheduled item? - ANS ✔✔Item
Lowest level item appears in a product structure? - ANS ✔✔LLC (low-level-code)
Determining the quantities in which items are usually made or purchased.
Mult: order multiples of this quantity Min: order minimum of this quantity - ANS ✔✔Lot size
Time from order placement to receipt? - ANS ✔✔LT (lead time)
Demand for the item? - ANS ✔✔Gross Requirements
Quantity on order (listed when scheduled to arrive) - ANS ✔✔Scheduled Receipts
Expected on hand inventory at the end of the period? - ANS ✔✔Projected on hand
Quantity to be provided (listed when needed) - ANS ✔✔Net Requirements
Net requirements adjusted for lot sizes - ANS ✔✔Planned Order Receipts
Planned order receipts offset for lead times - ANS ✔✔Planned Order Releases
