MRO Spares 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 MRO Spares Management flashcards as text
What is the purpose of cycle counting in MRO inventory management?
Answer: To regularly verify physical inventory accuracy by counting a portion of items
Cycle counting involves regularly counting a subset of items to verify record accuracy and maintain data integrity.
What is inventory turns and why is it important for MRO?
Answer: The number of times inventory is consumed and replaced in a year, indicating utilization efficiency
Inventory turns measure how quickly inventory is consumed and replenished.
What is the role of a bill of materials (BOM) in spare parts management?
Answer: To provide a structured list of all components in an equipment asset
A BOM provides a hierarchical list of all components within an asset, enabling systematic spare parts identification.
What is consignment inventory used for in MRO?
Answer: Inventory stored at your facility but owned by the supplier until consumed
In consignment, the supplier places inventory at your location but retains ownership until items are consumed.
What is the purpose of standardization in MRO spare parts management?
Answer: To reduce variety of parts and specifications to minimize inventory and improve availability
Standardization reduces inventory variety by selecting common specifications across equipment.
What is a min/max inventory control system for MRO parts?
Answer: A system defining minimum and maximum stock levels that trigger replenishment
Min/max automatically triggers replenishment when stock drops to minimum, ordering enough to reach maximum.