CMRP MRO Spares Management 2

Question 1

What does MRO stand for in spare parts management?

Accepted Answer

Maintenance, Repair, and Operations

Answer

Manufacturing Resource Optimization

Answer

Material Requirement Output

Answer

Machine Replacement Order

Question 2

What is the purpose of ABC classification in spare parts inventory?

Accepted Answer

To categorize parts by value and usage to apply different control strategies

Answer

To alphabetize parts

Answer

To classify by color

Answer

To assign to different warehouses

Question 3

What is the Economic Order Quantity (EOQ) formula used to determine?

Accepted Answer

The optimal order quantity minimizing total ordering and carrying costs

Answer

Maximum inventory level

Answer

The reorder point

Answer

Maximum number of suppliers

Question 4

What is the purpose of a critical spares analysis?

Accepted Answer

To determine which spares must be stocked to avoid unacceptable risks from equipment failure

Answer

To identify the most expensive parts

Answer

To find damaged parts

Answer

To calculate depreciation

Question 5

What is the reorder point in inventory management?

Accepted Answer

The inventory level at which a new order should be placed

Answer

The price at which to reorder

Answer

The location where orders are placed

Answer

The time of day for ordering

Question 6

What is vendor-managed inventory (VMI) in MRO?

Accepted Answer

An arrangement where the supplier monitors and replenishes inventory at your facility

Answer

Inventory managed by maintenance

Answer

Inventory at the vendor's warehouse

Answer

Equipment managed by the OEM