OPSM 4820 EXAM 2 QUESTIONS COMPLETE WITH VERIFIED ANSWERS

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