CMRP MRO Spares Management 2

Question 1

What does MRO stand for in spare parts management?

Accepted Answer

Maintenance, Repair, and Operations

Answer

MRO stands for Maintenance, Repair, and Operations, referring to consumable materials and supplies needed for operations.

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

ABC classification uses the Pareto principle to categorize items by annual usage value.

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

EOQ calculates the order quantity that balances ordering costs against holding costs.

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

Critical spares analysis identifies parts that must be available to prevent unacceptable consequences from equipment failure.

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 reorder point triggers a purchase order, set to cover expected demand during lead time plus safety stock.

CMRP - Certified Maintenance and Reliability Professional Practice Test