CMRP MRO Spares Management 3

Question 1

What is the purpose of cycle counting in MRO inventory management?

Accepted Answer

To regularly verify physical inventory accuracy by counting a portion of items

Answer

To count equipment operating cycles

Answer

To measure cycle time

Answer

To count purchase orders

Question 2

What is inventory turns and why is it important for MRO?

Accepted Answer

The number of times inventory is consumed and replaced in a year, indicating utilization efficiency

Answer

Physical rotation on shelves

Answer

Times parts are moved between warehouses

Answer

Frequency of price changes

Question 3

What is the role of a bill of materials (BOM) in spare parts management?

Accepted Answer

To provide a structured list of all components in an equipment asset

Answer

To track labor costs

Answer

To list all employees

Answer

To document safety procedures

Question 4

What is consignment inventory used for in MRO?

Accepted Answer

Inventory stored at your facility but owned by the supplier until consumed

Answer

Inventory donated to charity

Answer

Inventory being shipped

Answer

Damaged inventory for disposal

Question 5

What is the purpose of standardization in MRO spare parts management?

Accepted Answer

To reduce variety of parts and specifications to minimize inventory and improve availability

Answer

To make equipment the same color

Answer

To standardize uniforms

Answer

To create identical maintenance schedules

Question 6

What is a min/max inventory control system for MRO parts?

Accepted Answer

A system defining minimum and maximum stock levels that trigger replenishment

Answer

Temperature limits for storage

Answer

Minimum and maximum employee counts

Answer

Equipment speed limits