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1CPIM
Which of the following items are typically included in a Bill of Materials (BOM)? I. Components required to manufacture a product. II. Labour required for manufacturing the product. III. Subassemblies used at different stages of production. IV. Safety stock maintained for individual items.
AI and II
BI and III
CII and III
DIII and IV
2CPIM
Which of the following best describes a closed-loop Material Requirements Planning (MRP) system?
AA system in which planners approve all planned orders before execution.
BA system that revises capacity plans whenever resource constraints arise.
CAn integrated planning and control system that incorporates feedback from lower-level activities into higher-level plans.
DAn integrated system combining financial applications, finite-capacity scheduling and logistics
3CPIM
Which of the following conditions is a potential drawback of lot-for-lot replenishment when items must be ordered frequently?
AIncompatibility with Just-in-Time (JIT)
BHigh inventory costs
CInventory build-up
DHigh setup costs
4CPIM
Besides calculating material requirements, what is another major objective of MRP?
AKeeping order priorities updated as business requirements change
BMaintaining and updating the Bill of Materials.
CCalculating the quantity of inventory physically available
DEnsuring that all material requirements are based exclusively on forecasts.
5CPIM
If an organization primarily favors a push approach to managing a supply chain, which of the following production strategies would it be most likely to adopt?
