Reference no: EM132236072
1. Backflushing is a term associated with:
Maintaining Safety Stock levels of inventory
Posting inventory levels between time fences in a production plan
MRP calculations when one raw material is shared between multiple parents
ERP systems for tracking inventory consumption
MPS calculations when there is insufficient inventory to satisfy Available To Promise (ATP) requirements
2. TRUE OR FALSE: The amount of time represented by each time period in an MPS plan must be equal.
3. Lot-for-Lot sizing is:
the same as Lot Size = 1
typically used for finished goods
JIT production
whatever lot size generates the minimum production cost
4. TRUE OR FASLE: One of the advantages when installing an ERP system is that you are done when the project completes
5. TRUE OR FASLE: A typical limitation of ERP packages is that they cannot be used by higher education (colleges and universities) since they are designed mostly for manufacturing businesses.