Copyright

Lot Sizing in Material Requirements Planning Systems

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which type of lot sizing approach usually results in a large safety stock of inventory?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime.
Already registered? Log in here for access

1. Which type of lot sizing approach requires a smaller warehouse to hold inventory?

2. Which lot sizing method takes into consideration the cost of set-up and materials?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Lot sizing in MRP systems is the focus for this quiz and worksheet combo. Inside, you can find questions about lot sizing that results in a large safety stock, and the method that takes the cost of setup and materials best into consideration.

Quiz & Worksheet Goals

You will be asked about the following subjects on this quiz:

  • Sizing that results in a large safety stock of inventory
  • An approach requiring a smaller warehouse
  • The lot-for-lot method
  • Fixed order quantity

Skills Practiced

  • Knowledge application - use what you know to answer questions about the lot-for-lot method
  • Defining key concepts - ensure that you can define the term for a sizing approach requiring a smaller warehouse
  • Information recall - remember what you have learned about fixed order quantity

Additional Learning

To read more, view the lesson titled, Lot Sizing in Material Requirements Planning Systems. There, you will have access to the following:

  • Different MRP systems
  • Economic order quantity
  • Periodic order quantity
Support