MRP_slides

Question 1

independent demand

Answer 1

1) usually finished product

2) very predictable

Question 2

dependent demand

Answer 2

1) usually parts for higher level item

2) demand very spontaneous

Question 3

MRP answered questions

Answer 3

what, when, how much needed

Question 4

MRP inputs

Answer 4

1) master schedule
2) bill of materials
3) inventory records

Question 5

master production schedule

Answer 5

how much is needed in some time period

Question 6

cumulative lead time

Answer 6

sum of all lead times (shipping/procurement, fabrication, etc.) until finished assembly

Question 7

bill of materials

Answer 7

list of all parts needed for product

Question 8

gross requirements

Answer 8

total expected sales/demand

Question 9

scheduled receipts

Answer 9

orders CONFIRMED to come in. Fill in later

Question 10

planned receipts

Answer 10

orders EXPECTED to come in

Question 11

projected on hand

Answer 11

expected inventory on hand = scheduled receipts+inventory

Question 12

net requirements

Answer 12

how much you NEED. 0 means youre good. =gross requirements-projected on hand

Question 13

planned-order releases

Answer 13

how much you need to order to make future orders come in on time