CIPS Level 4 Whole Life Asset Management L4M7 · Free Practice Question Medium
Question 15
What data does an organisation need to input into MRP software to manage material requirements for manufacturing processes? Select THREE that apply.
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A
Capacity requirement plan
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B
Facilities management
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C
Bill of materials
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D
Payrolls information
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E
Inventory records
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F
Master production schedule
Reveal correct answers
Correct answers: C, E, F
Explanation
A powerful benefit of MRP system is the capacity to produce exception reports, which show deviations from normal planning and performance. These enable anomalies to be investigated with a view to improve future forecasting.
Material requirement planning is an electronic system for combining the following:
- Known demand
- Forecast demand. Known demand and forecasted demand are shown in master production schedule.
- Bill of materials for the final product
- Inventory records
Reference: CIPS study guide page 116-119
LO 2, AC 2.3
Discussion
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