MGMT 3320 Final Exam Questions and
Answers
Bill of Materials - ANSWER-A listing of the components, their description, and the
quantity of each required to make one unit of a product
Kitting bill - ANSWER-A material grouping created in order to assign an artificial
parent to a bill of material; also called "pseudo" bills
Phantom bill of materials - ANSWER-Bills of material for components, usually
assemblies, that exist only temporarily; they are never inventoried
MRP dynamics - ANSWER-the inputs MRP are the master schedule, Bill of
materials, lead times, purchasing and inventory
Lot sizing techniques - ANSWER-Lot-sizing decision- the processor, or techniques
used in, determine lot size
Lot-for-lot- a lot sizing technique that generates exactly what is required to meet the
plan
how many i need, how man production call for, lot number isn't a specific number
MRP2 - ANSWER-A system that allows, with MRP in place, inventory data to be
augmented by other resource variables; in this case MRP becomes material
resource planning
Closed-loop MRP system - ANSWER-A system that provides feedback to the
capacity plan, master production schedule, and production plan so planning can be
kept valid at all times
MRP in servies - ANSWER-can be done in restraints, hospitals and hotels
You can do it, but it's no quite that easy
ERP - ANSWER-Enterprise resource planning
An information system for identifying and planning the enterprise-wide resources
needed to take, make, ship, and accept for customer orders
Can use it. If you don't really need it, then don't buy it
Short-term Scheduling - ANSWER-Internally effective scheduling means faster
movement of goods and services through a facility and greater use of assets
External good scheduling provides faster throughput, added flexibility and more
dependable delivery, improving customer service
If you need change need to do it as this time. What i don't have is very long to
respond
Answers
Bill of Materials - ANSWER-A listing of the components, their description, and the
quantity of each required to make one unit of a product
Kitting bill - ANSWER-A material grouping created in order to assign an artificial
parent to a bill of material; also called "pseudo" bills
Phantom bill of materials - ANSWER-Bills of material for components, usually
assemblies, that exist only temporarily; they are never inventoried
MRP dynamics - ANSWER-the inputs MRP are the master schedule, Bill of
materials, lead times, purchasing and inventory
Lot sizing techniques - ANSWER-Lot-sizing decision- the processor, or techniques
used in, determine lot size
Lot-for-lot- a lot sizing technique that generates exactly what is required to meet the
plan
how many i need, how man production call for, lot number isn't a specific number
MRP2 - ANSWER-A system that allows, with MRP in place, inventory data to be
augmented by other resource variables; in this case MRP becomes material
resource planning
Closed-loop MRP system - ANSWER-A system that provides feedback to the
capacity plan, master production schedule, and production plan so planning can be
kept valid at all times
MRP in servies - ANSWER-can be done in restraints, hospitals and hotels
You can do it, but it's no quite that easy
ERP - ANSWER-Enterprise resource planning
An information system for identifying and planning the enterprise-wide resources
needed to take, make, ship, and accept for customer orders
Can use it. If you don't really need it, then don't buy it
Short-term Scheduling - ANSWER-Internally effective scheduling means faster
movement of goods and services through a facility and greater use of assets
External good scheduling provides faster throughput, added flexibility and more
dependable delivery, improving customer service
If you need change need to do it as this time. What i don't have is very long to
respond
