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The CPIM certification is designed for professionals who are involved in the management of production and inventory within their organizations. Certified in Production and Inventory Management certification program is particularly useful for individuals who are looking to advance their careers in operations and supply chain management. The CPIM certification is also beneficial for organizations as it helps them improve their operational efficiency and reduce costs by implementing best practices in production and inventory management. Certified in Production and Inventory Management certification program is recognized globally and provides professionals with the necessary skills and knowledge to effectively manage their organization's production and inventory processes.
NEW QUESTION # 75
Exploding is the process of multiplying the requirements by:
- A. By recording the appropriate requirements throughout the product tress
- B. Both A & B
- C. The usage quantity
- D. None of the above
Answer: B
NEW QUESTION # 76
The quantity on hand plus the quantity ordered must equal the sum of the demand during the lead time plus the demand during the review period plus safety stock.
- A. True
- B. False
Answer: A
NEW QUESTION # 77
The capability of the process is a measure of specifications limit.
- A. Mean process
- B. Process center
- C. Process tolerance
compared to the - D. Process spread
Answer: D
NEW QUESTION # 78
Something that has value and is expected to benefit the future operation of the business is known as:
- A. Sales
- B. Revenues
- C. Asset
- D. Business Plan
Answer: C
NEW QUESTION # 79
exists when the cumulative actual demand varies from the cumulative forecast.
- A. Stable demand
- B. Actual forecast
- C. Bias
- D. seasonal index
Answer: C
NEW QUESTION # 80
In order to develop possible solutions, which approach to take to help develop a better method?
- A. Eliminate all unnecessary work
- B. All of the above
- C. Rearrange the sequence of operations for more effective results
- D. Simplify whenever possible by making the necessary operations less complex
Answer: B
NEW QUESTION # 81
What implies understanding and correctly implementing the major enterprise-wide changes required to truly eliminate or significantly reduce waste in the system?
- A. Command production
- B. Lead production
- C. Control production
- D. Enterprise production
Answer: B
NEW QUESTION # 82
When items required from stock must be selected from storage and brought to a marshalling area, this activity is called:
- A. Pick goods
- B. Select goods
- C. Collect goods
- D. Accept goods
Answer: A
NEW QUESTION # 83
Using the , the quantity on hand of a particular item is determined at specified, fixed-time intervals and an order is placed.
- A. Periodic review system
- B. Quality control
- C. Walkthroughs
- D. Formal technical reviews
Answer: A
NEW QUESTION # 84
Operations management works in a complex environment affected by many factors. Among the most important are:
- A. the economy and competition
- B. all of these
- C. Customer expectations and quality
- D. Government regulation
Answer: B
NEW QUESTION # 85
Which one of the following should be the result of capacity requirements planning?
- A. A detailed workable plan that meets the priority objectives and provides the capacity to do so.
- B. none of these
- C. Both of these
- D. Ideally it will satisfy the MRP and allow for adequate utilization of the work force machinery, and equipment.
Answer: C
NEW QUESTION # 86
Forecasts are more accurate for larger groups of items than for individual items in a group?
- A. True
- B. False
Answer: A
NEW QUESTION # 87
Which of the following defines what materials have to be scheduled to make the end products?
- A. All of the Above
- B. Bills of material
- C. Engineering change control bill
- D. Master production schedule
Answer: B
NEW QUESTION # 88
Which of the following criteria is used to judge MPS?
- A. Resource use
- B. All of these
- C. Customer service
- D. Cost
Answer: B
NEW QUESTION # 89
To maintain the desired level of customer service by maintaining finished-goods inventory levels or by scheduling to meet customer delivery requirements.
1. To make the best use of material, labor and equipment.
2. To maintain inventory investment at the required levels.
These are the objectives of:
- A. MRP
- B. Production plan
- C. MPR II
- D. MPS
Answer: D
NEW QUESTION # 90
Engineering drawings and specifications and bill of material are the methods of:
- A. None of these
- B. Quantities required
- C. Process specifications
- D. Product Description
Answer: D
NEW QUESTION # 91
The consolidation of several units into large units, called unit loads, so there is less handling, this is referred to as:
- A. Itemization
- B. Solitary
- C. Unitization
- D. Exclusiveness
Answer: C
NEW QUESTION # 92
Annual cost of pacing orders and annual cost of carrying inventory, together forms:
- A. Relevant cost
- B. Annual cost
- C. Permanent cost
- D. Determined cost
Answer: A
NEW QUESTION # 93
A particular type of production control system used varies from company to company, but all should perform the preceding functions is called:
- A. Mechanizing system
- B. Developed system
- C. Manufacturing system
- D. Master system
Answer: C
NEW QUESTION # 94
If company uses other companies or individuals to distribute some or all of its products to the final consumer, these companies or individuals are called:
- A. Channel
- B. Mediums
- C. Intermediaries
- D. Supply chain
Answer: C
NEW QUESTION # 95
Which of the following is NOT the dimension to quality measurements?
- A. Function
- B. Aesthetic
- C. Production
- D. Accuracy
Answer: C
NEW QUESTION # 96
All of the following are ways to achieve financial objectives EXCEPT:
- A. Reduce inventory so inventory investment is at a minimum level
- B. Manufacture only to customer order
- C. Extensive distributions system
- D. Decrease the number of plants and warehouses
Answer: C
NEW QUESTION # 97
Inventories are part of planning process and provide buffer against:
- A. None of these
- B. Demand rates
- C. Differences in demand and production rates
- D. Production rates
Answer: C
NEW QUESTION # 98
When there is uncertainty in the supply chain based on the use of forecasts, and that uncertainty is then exaggerated by lead-time effects and differences in lot sizes as material moves through the supply chain, this is called:
- A. Bullwhip effect
- B. Anticipatory effect
- C. Bull ship effect
- D. None of the above
Answer: A
NEW QUESTION # 99
Which of the following is the right calculation for obtaining the net requirements?
- A. Gross Requirement / Available inventory
- B. Gross Requirement - Available inventory
- C. Gross Requirement x Available inventory
- D. None of the above is true
Answer: B
NEW QUESTION # 100
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Earning the CPIM certification demonstrates a professional's commitment to continuous learning and professional development. It is a valuable asset for professionals seeking to advance their careers in the field of production and inventory management. Certified in Production and Inventory Management certification is recognized globally and is highly respected by employers, as it signifies a professional's dedication to achieving excellence in their work. Moreover, the CPIM certification provides professionals with the knowledge and skills necessary to improve their organization's bottom line by reducing waste, increasing efficiency, and improving customer satisfaction.
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