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

Cycle counting involves regularly counting a subset of items to verify record accuracy and maintain data integrity.

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

Inventory turns measure how quickly inventory is consumed and replenished.

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

A BOM provides a hierarchical list of all components within an asset, enabling systematic spare parts identification.

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

In consignment, the supplier places inventory at your location but retains ownership until items are consumed.

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

Standardization reduces inventory variety by selecting common specifications across equipment.

CMRP - Certified Maintenance and Reliability Professional Practice Test