MQM 227 Ch. 21 Questions and Answers 100% Correct
___ ___ are the amounts needed week by week in the future over and
above what is currently on hand or committed to through an order
already released and scheduled. - ✔✔Blank 1: Net
Blank 2: Requirements
___ ___ are the total amount required for a particular item. - ✔✔
___ ___ represent orders that have already been released and that
are scheduled to arrive as of the beginning of the period. -
✔✔Scheduled
Receipts
A ___ ___ is a company's attempt to provide a controlled window of
opportunity to make changes to the master production schedule. -
✔✔Blank 1: time
Blank 2: fence
A ___ requirement is the amount needed when the projected
available balance plus the scheduled receipts in a period are not
sufficient to cover the ___ requirements. - ✔✔Blank 1: net
Blank 2: gross
,A final assembly is made from standard options that the customer
chooses. - ✔✔Assemble-to-order
An EOQ lot sizing technique will try to minimize which of the following
costs given a fairly constant demand? Check all that apply.
Setup
Inventory holding
Marketing
Transportation - ✔✔Setup
Inventory holding
An item that can be produced and stocked as a subassembly is often
called a ___ bill-of-materials. - ✔✔modular
At any point in time, an MRP system can reference the ____ for
instantaneous parts availability to help meet gross requirements. -
✔✔inventory records file
Available to promise is a powerful tool for what? - ✔✔Coordinating
sales and production activities
BoM - ✔✔Identifies the specific materials used to make each item and
the correct quantities of each.
, EOQ assumes that parts are used ___ during the period. -
✔✔continuously
EOQ was not designed for a system like MRP. Why not? - ✔✔MRP has
discrete time periods
Examples: piston rings, electrical switches. What is the industry type?
- ✔✔Make-to-stock
Examples: trucks, generators, motors. What is the industry type? -
✔✔Assemble-to-order
Examples: turbine generators, heavy machine tools. What is the
industry type? - ✔✔Engineer-to-order
Finished goods purchased by individuals external to the organization
are considered what? - ✔✔Independent demand items
For Ford Motor Company, which of the following items would appear
on its master production schedule? Check all that apply.
Hoses
Engines
Cars
Fan belts
___ ___ are the amounts needed week by week in the future over and
above what is currently on hand or committed to through an order
already released and scheduled. - ✔✔Blank 1: Net
Blank 2: Requirements
___ ___ are the total amount required for a particular item. - ✔✔
___ ___ represent orders that have already been released and that
are scheduled to arrive as of the beginning of the period. -
✔✔Scheduled
Receipts
A ___ ___ is a company's attempt to provide a controlled window of
opportunity to make changes to the master production schedule. -
✔✔Blank 1: time
Blank 2: fence
A ___ requirement is the amount needed when the projected
available balance plus the scheduled receipts in a period are not
sufficient to cover the ___ requirements. - ✔✔Blank 1: net
Blank 2: gross
,A final assembly is made from standard options that the customer
chooses. - ✔✔Assemble-to-order
An EOQ lot sizing technique will try to minimize which of the following
costs given a fairly constant demand? Check all that apply.
Setup
Inventory holding
Marketing
Transportation - ✔✔Setup
Inventory holding
An item that can be produced and stocked as a subassembly is often
called a ___ bill-of-materials. - ✔✔modular
At any point in time, an MRP system can reference the ____ for
instantaneous parts availability to help meet gross requirements. -
✔✔inventory records file
Available to promise is a powerful tool for what? - ✔✔Coordinating
sales and production activities
BoM - ✔✔Identifies the specific materials used to make each item and
the correct quantities of each.
, EOQ assumes that parts are used ___ during the period. -
✔✔continuously
EOQ was not designed for a system like MRP. Why not? - ✔✔MRP has
discrete time periods
Examples: piston rings, electrical switches. What is the industry type?
- ✔✔Make-to-stock
Examples: trucks, generators, motors. What is the industry type? -
✔✔Assemble-to-order
Examples: turbine generators, heavy machine tools. What is the
industry type? - ✔✔Engineer-to-order
Finished goods purchased by individuals external to the organization
are considered what? - ✔✔Independent demand items
For Ford Motor Company, which of the following items would appear
on its master production schedule? Check all that apply.
Hoses
Engines
Cars
Fan belts
