Description
- What is the difference between a gross requirements plan and a net requirements plan?
- Once a material requirements plan (MRP) has been established, what other managerial applications might be found for the technique?
- What are the similarities between MRP and DRP?
- How does MRP II differ from MRP?
- Which is the best lot-sizing policy for manufacturing organizations?
- What impact does ignoring carrying cost in the allocation of stock in a DRP system have on lot sizes?
- MRP is more than an inventory system; what additional capabilities does MRP possess?
- What are the options for the production planner who has: a) scheduled more than capacity in a work center next week? b) a consistent lack of capacity in that work center?
- Master schedules are expressed in three different ways depending on whether the process is continuous, a job shop, or repetitive. What are these three ways?
- What functions of the firm affect an MRP system? How?
- What is the rationale for (a) a phantom bill of material, (b) a planning bill of material, and (c) a pseudo bill of material?
- Identify five specific requirements of an effective MRP system.
- What are the typical benefits of ERP?
- What are the distinctions between MRP, DRP, and ERP?
- As an approach to inventory management, how does MRP differ from the approach taken in Chapter 12, dealing with economic order quantities (EOQ)?
- What are the disadvantages of ERP?
- Use the Web or other sources to: a) Find stories that highlight the advantages of an ERP system. b) Find stories that highlight the difficulties of purchasing, installing, or failure of an ERP system.
- Use the Web or other sources to identify what an ERP vendor (SAP, PeopleSoft/Oracle, American Software, etc.) includes in these software modules: a) Customer relationship management. b) Supply-chain management. c) Product life cycle management.
- The structure of MRP systems suggests “buckets” and infinite loading. What is meant by these two terms?
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