Operation Management

Which statement from the list below does not lay to the similarities between MRP and DRP?

• DRP and MRP are ordering by time point.

• Both have adopted a fixed lead time.

• Both assume having an infinite capacity.

• DRP and MRP both focuses on single locations.

MRP II stands for:

• Material resource planning.

• Management requirement planning.

• Material revenue planning.

• Management resource planning.

Key Issues with ERP are:

• Process, Technology, Plan.

• Progress, Technology, Inventory.

• Inventory, Technology, People.

• Process, Technology, People.

The difference between a gross material requirement plan (gross MRP) and a net material requirement plan (net MRP) is:

• The gross MRP may not be computerized, but the net

  MRP must be computerized.

• The gross MRP includes consideration of the inventory

  on hand, whereas the net MRP doesn’t include the

  inventory consideration.

• The net MRP includes consideration of the inventory

  on hand, whereas the gross MRP doesn’t include the

  inventory consideration.

• The gross MRP doesn’t take taxes into account, whereas

  the net MRP includes the tax considerations.

Which one from the list below is an Advantage of ERP?

• Cost/Investment.

• Customization.

• Deployment.

• Simple data source.

What are the typical benefits of ERP?

• Total visibility, improved reporting and planning, improved efficiency.

• Complexity, efficiency, data security , improved planning.

• Affordable price, customer service, focused IT costs.

• Low maintenance costs, implementation costs, improved reporting.

What does ECR stand for?

• Efficient customer resources.

• Efficient customer response.

• Efficient client rationale.

• Elaborate customer resources.

Which system extends MRP II to tie in customers and suppliers?

• MRP III

• JIT

• IRP

• ERP