OPSM 4820 EXAM 2 ACTUAL QUESTIONS AND ANSWERS
MRP - CORRECT ANSWER✅✅For companies assembling end items from components produced in batch
manufacturing processes, ________ is central to the development of detailed plans for part needs.
MPC - CORRECT ANSWER✅✅Facility with time-phased planning and the associated time-phased
records is basic to understanding many other aspects of the ________ system.
MRP - CORRECT ANSWER✅✅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.
MRP - CORRECT ANSWER✅✅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.
MPC - CORRECT ANSWER✅✅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.
gross requirements - CORRECT ANSWER✅✅The anticipated future usage of or demand for the item
during each period.
scheduled receipts - CORRECT ANSWER✅✅Existing replenishment orders for the item due in at the
beginning of each period.
projected available balance - CORRECT ANSWER✅✅The current and projected inventory status for the
item at the end of each period.
planned order releases - CORRECT ANSWER✅✅Planned replenishment orders for the item at the
beginning of each period.
Explosion - CORRECT ANSWER✅✅_________ is the process of translating product requirements into
component part requirements, taking existing inventories and scheduled receipts into account.
, lot-for-lot sizing - CORRECT ANSWER✅✅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 _____________ .
regeneration - CORRECT ANSWER✅✅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.
regeneration - CORRECT ANSWER✅✅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.
A bucketless MRP - CORRECT ANSWER✅✅__________ system specifies the exact release and due dates
for each requirement, scheduled receipt, and planned order.
Safety stock - CORRECT ANSWER✅✅___________ is a buffer of stock above and beyond that needed to
satisfy the gross requirements.
Safety stock - CORRECT ANSWER✅✅__________ 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).
Safety lead time - CORRECT ANSWER✅✅____________ tends to be used when the major uncertainty is
the timing rather than the quantity.
Pegging relates - CORRECT ANSWER✅✅_________ all the gross requirements for a part to all the
planned order releases or other sources of demand that created the requirements.
Service part - CORRECT ANSWER✅✅____________ 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.
MRP - CORRECT ANSWER✅✅For companies assembling end items from components produced in batch
manufacturing processes, ________ is central to the development of detailed plans for part needs.
MPC - CORRECT ANSWER✅✅Facility with time-phased planning and the associated time-phased
records is basic to understanding many other aspects of the ________ system.
MRP - CORRECT ANSWER✅✅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.
MRP - CORRECT ANSWER✅✅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.
MPC - CORRECT ANSWER✅✅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.
gross requirements - CORRECT ANSWER✅✅The anticipated future usage of or demand for the item
during each period.
scheduled receipts - CORRECT ANSWER✅✅Existing replenishment orders for the item due in at the
beginning of each period.
projected available balance - CORRECT ANSWER✅✅The current and projected inventory status for the
item at the end of each period.
planned order releases - CORRECT ANSWER✅✅Planned replenishment orders for the item at the
beginning of each period.
Explosion - CORRECT ANSWER✅✅_________ is the process of translating product requirements into
component part requirements, taking existing inventories and scheduled receipts into account.
, lot-for-lot sizing - CORRECT ANSWER✅✅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 _____________ .
regeneration - CORRECT ANSWER✅✅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.
regeneration - CORRECT ANSWER✅✅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.
A bucketless MRP - CORRECT ANSWER✅✅__________ system specifies the exact release and due dates
for each requirement, scheduled receipt, and planned order.
Safety stock - CORRECT ANSWER✅✅___________ is a buffer of stock above and beyond that needed to
satisfy the gross requirements.
Safety stock - CORRECT ANSWER✅✅__________ 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).
Safety lead time - CORRECT ANSWER✅✅____________ tends to be used when the major uncertainty is
the timing rather than the quantity.
Pegging relates - CORRECT ANSWER✅✅_________ all the gross requirements for a part to all the
planned order releases or other sources of demand that created the requirements.
Service part - CORRECT ANSWER✅✅____________ 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.
