Question 1 (1 point) When MRP is extended all the way to the final customer, thi
ID: 369960 • Letter: Q
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Question 1 (1 point) When MRP is extended all the way to the final customer, this is called 1) customer requirements planning. 2) order release planning. 3) enterprise resource planning. 4) distribution requirements planning Save Question 2 (1 point) Using a lot-for-lot ordering strategy for the following item. what is the planned order release amount in week 3? (Note: Use a lead time of one week and the gross requirements and scheduled receipts depicted below, and assume you begin with 50 .units in inventory.)Explanation / Answer
Q1) 3. Enterprise Resource Planning (ERP)
ERP is an automation and integration of multiple business processes, which extend MRP to suppliers and customers. It facilitates coordination of business from supplier evaluation to customer invoicing.
Q2) 15 units
Projected ending inventory in week 1 = 25+50 = 75
Projected ending inventory in week 2 = 75 - 100 = -25 , this translates to net requirement in week 2 of 25 units. This results in Planned Order Release (POR) of 25 units in week 1 , because it takes 1 week lead time. Net requirement in week 3 is 80 and week 4 is 15 units. So POR in week 2 is 80 units and in week 3 is 15 units
3) 1) is counting a fraction of inventory each day
Cycle counting is a practice of breaking down the whole inventory into smaller fractions to avoid disruption to business operations caused by annual physical inventory. By counting a fraciton of inventory each day, the task of inventroy counting can be spread throughout the year, rather than happening at a point of time, leading to disruption in operations.
4) 3) Future demand in an MRP system is based on the Master Production Schedule
In an MRP system, future demand is based on MPS, whcih generates the demand forecast based on predetermine criteria and method
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