QUESTIONS AND ALL ACTUAL
ANSWERS 2025.
Aggregate Planning - Answer to give management an idea of what quantity of materials to be
procured and when
Disaggregation - Answer analytic disassembly which have been aggregated (lumped together)
Master Production Schedule (MPS) - Answer a timetable that specifies what is to be made and
when
Rough-cut Capacity Planning - Answer verifies sufficient capacity available to meet
requirements for MPS
time fences - Answer points in time that separate phases of a master schedule planning
horizon
Inputs - Answer the resources—such as labor, money, materials, and energy—that are
converted through a process
beginning inventory, forecast, customer orders
Outputs - Answer projected inventory, MPS, uncommitted inventory
Available to Promise (ATP) - Answer planned production not already committed to a customer
inventory available for request product
uncommitted inventory
customer service feature
Dependent Demand - Answer demand for items that are subassemblies or component parts
to be used in the production of finished goods
Material Requirements Planning (MRP) - Answer a planning system that schedules the precise
, cumulative lead time - Answer The sum of the lead times that sequential phases of a process
require, from ordering of parts or raw materials to completion of final assembly.
Bill of Materials (BOM) - Answer One of the three primary inputs of MRP; a listing of all of the
raw materials, parts, subassemblies, and assemblies needed to produce one unit of a product.
Inventory Records - Answer identify the type and number of products on hand for sale
lot sizing - Answer the determination of how frequently and in what quantity to order
inventory
Backflushing - Answer a technique that automatically records the goods issue when the order
is confirmed
ERP (Enterprise Resource Planning) - Answer Integration of financial, manufacturing, and
human resources in a single database.
8 functions of inventory - Answer 1. Anticipate customer demand
2. Smooth seasonal requirements
3. Decouple operations with buffers
4. Protect against stock-outs
5. Cycle stock - lot sizing
6. Hedge against price increases
7. Permit operations - pipeline
8. Quantity discounts
Inventory Turnover - Answer cost of goods sold/average inventory
Periodic System - Answer Physical count of items in inventory made at periodic intervals
Perpetual System - Answer Check accuracy of inventory records.
Determine amount of inventory lost due to wasted raw materials, shoplifting, or employee theft