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Question 28/42
Which of the following best describe the function of MRP?
Correct Answer: D
Material requirement planning (MRP) is a production planning and material (inventory) control system used in manufacturing. Objectives of MRP are to ensure materials are available for production while minimising inventory and to plan production and procurement activities.
MRP process is described in the graph below:
Reference:
LO 2, AC 2.3
MRP process is described in the graph below:
Reference:
LO 2, AC 2.3
- Question List (42q)
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- Question 4: PPC Refinery (UK) must close down an out-of-date refinery wh...
- Question 5: Which of the following are subjective forecasting techniques...
- Question 6: What is meant by the term 'obsolete stock'?...
- Question 7: Which of the following is the Japanese word for 'billboard' ...
- Question 8: What is the different between gross material requirements pl...
- Question 9: When deciding on the storage facilities and locations, an or...
- Question 10: Which type of codes can a barcode laser scanner (linear scan...
- Question 11: Which of the following allow the operators to access higher ...
- Question 12: XYZ Ltd is a retailer in the US. Their customers' demand for...
- Question 13: Company XYZ is a candy manufacturer. Company XYZ makes a bat...
- Question 14: Which is the best definition of reorder point?...
- Question 15: Which of the following best describes what happens when orde...
- Question 16: In inventory management, the cost of insurance and taxes are...
- Question 17: A brewery sells its beer in aluminum cans. It recycles the c...
- Question 18: Sidel Corp is a major food processor. It invested heavily on...
- Question 19: Which of the following best describes available inventory (a...
- Question 20: Which of the following is an assumption of economic-order-qu...
- Question 21: ANTA Logistics is looking for a place to build a new, integr...
- Question 22: Which of the following refer to material used for filling th...
- Question 23: A hospital is purchasing a new software product that will ad...
- Question 24: Which of the following are typical characteristics of 2D bar...
- Question 25: Which of the following code systems is commonly used by gove...
- Question 26: GAP Ltd is a growing retail business. It spends a lot of mon...
- Question 27: What are the contents of master production schedule in MRP s...
- Question 28: Which of the following best describe the function of MRP?...
- Question 29: Which among the following are the tools for reducing acquisi...
- Question 30: MRP software is applied to schedule which of the following?...
- Question 31: Resevoir Inc runs several oil refineries across the country....
- Question 32: XYZ Ltd is a highly profitable leading industrial distributo...
- Question 33: Which of the following is the character that allows the comp...
- Question 34: Which of the following are main objectives of warehouse oper...
- Question 35: Which of the following are the different types of inventory ...
- Question 36: Which of the following is the cylindrical container that is ...
- Question 37: A company has obsolete inventories and it must write off the...
- Question 38: Which of the following is another name for scheduled (routin...
- Question 39: Which one of the following statements is true about radio fr...
- Question 40: International Standard Book Number (ISBN) is a unique intern...
- Question 41: Practice of unloading goods from inbound delivery vehicles a...
- Question 42: Extra units that are held in inventory to reduce the risks o...
