CMRP Spare Parts and Inventory Management Flashcards
6 cards from real CMRP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CMRP Spare Parts and Inventory Management flashcards as text
What does 'stockout cost' represent in spare parts inventory decision-making?
Answer: The total cost of production downtime, emergency procurement, and expediting fees when a required part is unavailable
Stockout cost quantifies the full financial impact of not having a part available, including lost production, expedited freight, premium pricing, and labor waiting time.
In an Economic Order Quantity (EOQ) model, which two costs are balanced to determine the optimal order quantity?
Answer: Ordering cost and inventory holding (carrying) cost
EOQ minimizes total cost by finding the order quantity where ordering cost (cost per purchase order × order frequency) equals holding cost (cost to store and finance inventory).
What is the recommended approach for managing obsolete spare parts in a maintenance storeroom?
Answer: Conduct regular reviews comparing stocked parts to current equipment and dispose of parts for retired or replaced equipment
Regular obsolescence reviews aligned with equipment change management prevent storeroom costs from accumulating on parts that will never be used.
Which storeroom management practice most effectively ensures that parts are correctly identified and located when needed by technicians?
Answer: Implementing a bin location system with accurate part master data including cross-references and alternate part numbers
A bin location system with complete part master data ensures fast, accurate retrieval and reduces time technicians spend searching for parts.
What is 'vendor-managed inventory' (VMI) and what is its primary benefit for maintenance operations?
Answer: A supplier-managed replenishment program where the vendor monitors stock levels and restocks automatically, reducing procurement workload
In VMI, the supplier monitors consumption data and replenishes stock automatically, reducing purchasing transactions and the risk of stockouts while leveraging the vendor's supply chain expertise.
Which practice best supports linking spare parts records to equipment in a CMMS to improve maintenance efficiency?
Answer: Creating bill-of-materials (BOM) lists for each piece of equipment that identify all associated spare parts
Equipment BOMs in the CMMS directly link spare parts to assets, allowing planners to identify required parts during work order planning and reducing delays at execution.