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OPSM 4820 EXAM 2 LATEST QUESTIONS WITH ANSWERS (100% CORRECT ANSWERS)

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OPSM 4820 EXAM 2 LATEST QUESTIONS WITH ANSWERS (100% CORRECT ANSWERS)

Institution
OPSM 4820
Course
OPSM 4820

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1



OPSM 4820 EXAM 2 LATEST QUESTIONS WITH
ANSWERS (100% CORRECT ANSWERS)
For companies assembling end items from components produced in batch manufacturing
processes, ________ is central to the development of detailed plans for part needs.— Answer:
MRP


Facility with time-phased planning and the associated time-phased records is basic to
understanding many other aspects of the ________ system.— Answer: MPC


The _____ data make it possible to construct a time-phased requirement record for any part
number. The data can also be used as input to the detailed capacity planning models.—
Answer: MRP


An ______ system serves a central role in material planning and control. It translates the
overall plans for production into the detailed individual steps necessary to accomplish those
plans. It provides information for developing capacity plans, and it links to the systems that
actually get the production accomplished.— Answer: MRP


At the heart of the ____ system is a universal representation of the status and plans for any
single item (part number), whether raw material, component part, or finished good.—
Answer: MPC


The anticipated future usage of or demand for the item during each period.— Answer: gross
requirements


Existing replenishment orders for the item due in at the beginning of each period.— Answer:
scheduled receipts


The current and projected inventory status for the item at the end of each period.— Answer:
projected available balance


Planned replenishment orders for the item at the beginning of each period.— Answer:
planned order releases



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, 2

_________ is the process of translating product requirements into component part
requirements, taking existing inventories and scheduled receipts into account.— Answer:
Explosion


The remaining planned order releases for the top handle assembly exactly meet the net
requirements in the remaining periods, offset for the lead time. The ordering policy used for
these items is called _____________ .— Answer: lot-for-lot sizing


Processing all of the records in one computer run is called ____________ . This signifies that
all part number records are completely reconstructed each time the records are processed.—
Answer: regeneration


A logical response to the pressure for more frequent processing is to reduce the required
amount of calculation by processing only the records affected by the changes. An alternative
to ____________ is the net change approach. With net change, only those items that are
affected by the new or changed information are reprocessed.— Answer: regeneration


__________ system specifies the exact release and due dates for each requirement, scheduled
receipt, and planned order.— Answer: A bucketless MRP


___________ is a buffer of stock above and beyond that needed to satisfy the gross
requirements.— Answer: Safety stock


__________ tends to be used in MRP systems where uncertainty about quantities is the
problem (e.g., where some small amount of scrap, spare part demand, or other unplanned
usage is a frequent occurrence).— Answer: Safety stock


____________ tends to be used when the major uncertainty is the timing rather than the
quantity.— Answer: Safety lead time


_________ all the gross requirements for a part to all the planned order releases or other
sources of demand that created the requirements.— Answer: Pegging relates


____________ demand must be included in the MRP record if the material requirements are
not to be understated. The ____________ demand is typically based on a forecast and is added
directly into the gross requirements for the part.— Answer: Service part

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