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Question 1 In a net change MRP system requirements and schedules are considered rigid and never updated.
Question 2 the customer grace period is a time-span having some specified level of opportunity for the customer to make changes.
Question 3 An output of MRP is a bill of materials (BOM) file.
Question 4 When implemented correctly, MRP links all areas of the business.
Question 5 The economic order quantity (EOQ) lot sizing technique uses the "square root formula" to balance set-up cost and carrying cost.
What are the advantages of predetermined time standards (PTS)? Answer: Quicker and cheaper than time study; likely to be more reliable; valuable for estimating new jobs; can be
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