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Question 1. How many statements are true? (A) 0 (B) 1 (C) 2 (D) 3 (E)...

Question 1. How many statements are true? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4

Statement 1. Scheduled receipts are future receipts of past order releases

Statement 2. The MPS contains the GR of the end -item.

Statement 3. The POR is the inventory policy of the MRP

Statement 4. MRP minimizes cost.

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Answer #1

Answer: The given statements are evaluated as follows :

Statement 1: The given statement is True because scheduled receipts are open orders already placed in the past scheduled to arrive in the near future.

Statement 2:The given statement is True because Master Production Schedule (MPS) states which end items are to be produced, when they are needed, and in what quantities. (Gross Requirments )

Statement 3: The given statement is True as Planned Order Receipts (POR) is an inventory policy under MRP. It can be of various types like Lot-for-Lot ordering and others.

Statement 4: The given statement is True as MRP(Material Requirement Plan) helps in lowering the inventory levels and their associated holding costs.

Conclusion - Option E - 4 statements are true is correct.


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