Chapter 12: MRP And ERP Flashcards Preview

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Flashcards in Chapter 12: MRP And ERP Deck (29)
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1
Q

Dependent Demand

A

Demand for items that are subassemblies or component parts to be used in the production of finished goods

2
Q

Material Requirements Planning (MRP)

A

A computer-based information system that translates master schedule requirements for end items into time-phased requirements for subassemblies, components, and raw materials

3
Q

Master Schedule

A

One of three primary inputs in MRP; states which end items are to be produced, when these are needed, and in what quantities

4
Q

Cumulative Lead Time

A

The sure of the leads times that sequential phases of a process require, from ordering of parts or raw materials to completion of final assembly

5
Q

Bill of Materials

A

One of the three primary inputs of MRP; a listing of all if the raw materials, parts, subassemblies, and assemblies needed to produce one unit of a product

6
Q

Product Structure Tree

A

A visual depiction of the requirements in a bill of materials, where all components are listed by levels

7
Q

Low-level Coding

A

Restructuring the bill of materials so that multiple occurrences of a component all coincide with the lowest level at which the component occurs

8
Q

Inventory Records

A

One of the three primary inputs in MRP; includes information on the status of each item by time period

9
Q

Gross Requirements

A

Total expected demand for an item or raw material in a time period

10
Q

Scheduled Receipts

A

Open orders scheduled to arrive from vendors or elsewhere in the pipeline

11
Q

Projected on Hand

A

Expected amount of inventory that will be on hand at the beginning of each time period

12
Q

Net Requirements

A

The actual amount needed in each time period

13
Q

Planned-order Receipts

A

Quantity expected to be received by the beginning of the period in which it is shown

14
Q

Planned-order Releases

A

Planned amount to order in each time period; planned-order receipts offset by lead time

15
Q

Pegging

A

The process of identifying the parent items that have generated a given set of material requirements for an item

16
Q

Regenerative System

A

Approach that updates MRP records periodically

17
Q

Net-change System

A

Approach that updates MRP records continuously

18
Q

Planned Orders

A

Schedule indicating the amount and timing of future orders

19
Q

Order Releases

A

Authorization for the execution or planned orders

20
Q

Changes

A

Revisions of due dates or order quantities, or cancellations of work

21
Q

Performance-control Reports

A

Evaluations of system operation, including deviations from plans and cost information

22
Q

Planning Reports

A

Data useful for assessing future material requirements

23
Q

Exception Reports

A

Data on any major discrepancies encountered

24
Q

Lot Sizing

A

Choosing a lot size for ordering or production

25
Q

Backflushing

A

Exploding an end item’s BOM to determine the quantities of the components that were used to make the item

26
Q

Distribution Resource Planning (DRP)

A

A method used for planning orders in a supply chain

27
Q

Enterprise Resource Planning (ERP)

A

Integration of financial, manufacturing, and human resources on a single computer system

28
Q

Lot-for-Lot Ordering

A

I.e planned-order release equal to net requirements

29
Q

Lot-Size Ordering

A

Specific amounts ordered at a time