CPIM Practice Exam

What does a scheduled receipt refer to in MRP?

1. An open order with a due date

2. A planned order release in the future

3. The gross requirement schedule

4. An inventory safety threshold

The correct answer is: An open order with a due date

A scheduled receipt in Material Requirements Planning (MRP) refers specifically to an open order that has a confirmed due date for delivery. It represents inventory that is expected to arrive on a specific date, thus helping planners understand what to expect in terms of stock levels and ensuring that materials are available when needed for production. Understanding scheduled receipts is crucial for managing production schedules and inventory levels effectively, as it allows companies to coordinate incoming materials with their operational needs. This concept is foundational in MRP systems, which seek to balance supply with demand in a timely manner. In contrast, a planned order release involves future orders that have not yet been placed but are forecasted based on anticipated needs. The gross requirement schedule indicates the total quantity of an item needed for production, without specifying when those needs will occur or be fulfilled. An inventory safety threshold refers to a minimum level of inventory that should be maintained to prevent stockouts, but it does not provide information on specific delivery dates.