What does MRP stand for in production planning?

• Material Resource Production

• Market Resource Planning

• Manufacturing Resource Planning

• Material Requirements Planning

Which planning activity is associated with long-range decisions?

• Strategic Planning

• Tactical Planning

• Daily Planning

• Operational Planning

What is the purpose of capacity planning?

• To determine product pricing

• To assess market demand

• To evaluate production capabilities

• To manage supplier relationships

Which of the following is a characteristic of Make to Order (MTO)?

• Low lead time

• Customization based on customer specifications

• High inventory levels

• Standardized products

What does the term 'Customer Order Decoupling Point' (CODP) refer to?

• The point where customer orders are processed

• The location of raw materials

• The point in the production process where inventory is held

• The point of final assembly

Which manufacturing process design is characterized by high customization?

• Mass Production

• Job Shop

• Flow Shop

• Continuous Flow

What is the main goal of forecasting in production?

• To determine the best suppliers

• To predict future demand

• To minimize production costs

• To enhance product quality

Which of the following is a key component of the Toyota Production System?

• Batch processing

• Inventory accumulation

• Mass production

• Just-in-Time production

What is the role of a Bill of Material?

• To list all suppliers

• To outline production schedules

• To detail raw materials and components needed for production

• To manage inventory levels

Which type of production system is best suited for unique products?

• Engineer to Order

• Assemble to Order

• Make to Order

• Make to Stock