Reference no: EM132255811
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The main problem with the traditional annual physical inventory count is
A. closing the inventory warehouse for the time needed to conduct the physical inventory count.
B. reconciling the physical inventory count with up to date BOMs.
C. many of the people assigned to this task are inexperienced and make errors.
D. none of the above.
Which of the following is correct regarding future demand for component parts?
A. Future demand in an order-point system is based on the master production schedule.
B. Future demand in an MRP system is based on the past history of demand for each component part.
C. Future demand in an MRP system is based on the master production schedule.
D. None of the above
An MRP system makes it possible to
A. manage thousands of products and parts in an environment of unpredictable demand and shifting priorities.
B. translate the parts explosion into a master production schedule to satisfy the aggregate planning requirements.
C. shift the demand for finished products from independent to dependent demand.
D. do all of the above.
The purpose of lot sizing in MRP is to
A. avoid the need for fixed lot sizes by allowing adjustable lots (lot-for-lot).
B. adjust orders to match the gross requirement, eliminating the need to carry ending inventory.
C. promote economical production lots and purchasing orders.
D. do all of the above.