The frequency that material requirements should be replanned is determined by

In the logic of MRP. If we do not have enough on hand and we do not have sufficient on order, what should the planner do?

What are the cost elements of WIP Inventory?
I. Scrap
II. Material.
III. Labor
IV. Overhead

Basic data for a project schedule includes all of the following EXCEPT

What would be considered a cause for an unplanned event?
I. Machine breakdown
II. Special Orders
III. Rework Orders
IV. Extra Sales Orders

A Component Item is which of the following
I. A Dependent demand Item
II. A Raw Material
III. A sub assembly

What is needed in order to run an effective quick response program?
I. World class forecasting and planning.
II. High Inventory Accuracy
III. High Safety Stock
IV. EDI

All of the following are part of the MRP Grid EXCEPT

A safety factor or 3.000 would calculate to what service level percentage?

What is the Inventory holding costs when
Order Quantity = 100
Unit Cost = $35
Inventory Holding Cost % = 20%

Using the following table, calculate the Standard Deviation
Period Forecast Actual
1 1000 800
2 1300 1000
3 1300 1200
4 1400 1500
5 1400 1500
6 1500 1500
7 1600 1500
8 1600 1700
9 2000 1800
10 2000 2200
Total: 15100 14700