Materials Requirement Plan

Question 1

APP

Answer 1

6-12 month plan for independent demand items

Question 2

MRP Inputs

Answer 2

1. Master Production Schedule
2. Item Master File
3. Product Structure File

Question 3

MRP Outputs

Answer 3

1. Planned order releases

AKA When to place order and how much are we ordering

Question 4

Master Production Schedule

Answer 4

Schedule of finished products

Combination of orders and forecasts

Question 5

Item Master File

Answer 5

database of info on every item

part # & lead time

Question 6

Product Structure File

Answer 6

bill of material for every final product produced
i.e. product structure tree

parts, quantity of each part, assembly sequence

Question 7

Item

Answer 7

name or number identifying an item

Question 8

LLC

Answer 8

Low Level Code

-lowest level item is seen at

Question 9

LT

Answer 9

Lead Time

-time between order placed and order released

Question 10

PD

Answer 10

Past Due

-orders behind schedule

Question 11

Gross Requirements

Answer 11

Demand for the item

Question 12

Scheduled Receipts

Answer 12

Quantity on order

Question 13

Projected on hand

Answer 13

Quantity predicted to be on hand at the end of the last period

Question 14

Net Requirements

Answer 14

quantity to be provided

-listed when needed

Question 15

Planned order receipts

Answer 15

net requirement adjusted for lot size

Question 16

Planned order releases

Answer 16

planned order receipts offset for LT