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MRP Crash Course Quiz

Authored by Pedro Castillo

Professional Development

Professional Development

Used 1+ times

MRP Crash Course Quiz
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11 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What's the purpose of this crashcourse?

Align terms

Keep MRP Simple

Learn from each other experiences

Create an open forum for learning and growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key driver of the supply chain?

Customer demand

Profitability

Cash flow

Internal forces

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of demand patterns?

Trend, seasonality, and cycle

Trend and seasonality

Seasonality and cycle

Trend and cycle

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between independent and dependent demand?

Independent demand is directly related to the demand of other items, while dependent demand is not

Independent demand is forecasted, while dependent demand is calculated

Independent demand is derived from a bill of materials, while dependent demand is not

Dependent demand is out of the control of the company, while Independent demand is not

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is safety stock?

The quantity of stock planned to be in inventory to protect against fluctuation in demand or supply

The quantity of stock planned to be in inventory to maximize profitability

The quantity of stock planned to be in inventory to minimize transportation cost

The quantity of stock planned to be in inventory to meet service levels

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bill of materials (BOM)?

A listing of all the subassemblies, intermediates, parts, and raw materials that go into a parent assembly

A listing of all the finished goods that go into a parent assembly

A listing of all the components that go into a parent assembly, excluding raw materials

A listing of all the raw materials that go into a parent assembly, excluding components

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the lot-size decision rule called when you order exactly what is needed?

Lot-4-Lot (L4L)

Fixed Order Quantity (FOQ)

Economic Order Quantity (EOQ)

Safety stock

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