The key to an effective ERP system is: Multiple Choice A separate system is used for each department It uses one shared database for all departments and functions It tracks supplier orders It has additional modules for supply chain management The purpose of enterprise resource planning is to support planning and execution systems and the decisions they drive throughout your company. True or False True False Which of these provides input to the Material Requirements Plan? (Choose all that apply) Check All That Apply Bill of Materials Lead Times Inventory Records Master Production Schedule Inventory records help determine how many items of material, components, and subassemblies need to be ordered to make the final product. True or False True False The Bill of Materials is usually a very simple, straight-forward recipe for making the final product. True or False True False Which of the following statements are true? (Choose all that apply) Check All That Apply The master production schedule assumes infinite capacity so it must be verified with the CRP. With input from the MRP, the CRP determines overload and underload conditions. Capacity requirements planning determines how much capacity you need to meet the production plan. Costs are not considered when developing the CRP. The first step in planning capacity is to do a rough-cut plan to validate the MPS. True or False True False Rough-cut capacity planning: Multiple Choice Looks at specific products to be run in specific factories. Determines if the MRP is feasible or not. Analyzes both labor and equipment capacity throughout the organization. Examines total capacity by measuring average factory output