AND ANSWERS
The purpose of performing a forward pass is to: - ANS determine early start and early finish
time, also determines project duration
project management requires: - ANS planning, scheduling, controlling, quantitative and
behavioral skills (all of the above)
"slack" refers to the difference between: - ANS late and early times
3 inputs for every MRP parts explosion are: - ANS inventor, master schedule, bill of materials
outputs for every MRP parts explosion are: - ANS purchase order, shop orders
requirements based system derives orders from: - ANS master schedule
replenishment based system derives orders from: - ANS customer requests, forecast
of the cost elements making up total inventory cost, which is the most difficult to estimate? -
ANS stock out cost
unlike the requirements philosophy of inventory management, the replenishment philosophy: -
ANS is appropriate given independent demand
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