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APICS CPIM certification is highly valued by employers in the manufacturing and supply chain industry. Certified in Production and Inventory Management certification provides professionals with the skills and knowledge needed to optimize production and inventory management processes, reduce costs, and improve overall business performance. In addition, the certification demonstrates a commitment to professional development and a dedication to staying current with the latest trends and practices in the industry.
The CPIM certification is highly valued by employers in the supply chain management industry, as it demonstrates a candidate's knowledge and expertise in production and inventory management. Certified in Production and Inventory Management certification is particularly useful for professionals in roles such as production planner, inventory analyst, supply chain analyst, and materials manager. In addition to enhancing career prospects, the CPIM certification can also lead to higher salaries and greater job satisfaction for certified professionals.
NEW QUESTION # 259
Carrying can be broken down into which of the following three categories?
- A. Training costs, storage costs, risk costs
- B. Capital costs, storage costs, risk costs
- C. Capital costs, ordering costs, risk costs
- D. Item costs, transit costs, storage costs
Answer: A
NEW QUESTION # 260
The files contained in the database are of two types which are:
- A. planning and control
- B. fixed and variable
- C. absolute and relative
- D. planning and procedural
Answer: A
NEW QUESTION # 261
Which of the following defines what materials have to be scheduled to make the end products?
- A. Bills of material
- B. Engineering change control bill
- C. Master production schedule
- D. All of the Above
Answer: A
NEW QUESTION # 262
What is measured by the length of time a product can be used before it fails?
- A. Durability
- B. Efficiency
- C. Maintainability
- D. Reliability
Answer: A
NEW QUESTION # 263
Intermittent process layout is sometimes called product layout because the system is set up for a limited range of similar products.
- A. True
- B. False
Answer: B
NEW QUESTION # 264
A structured approach to organize the operation for more effectiveness and less waste that is the overall goal of a lean production system includes which 5S?
- A. Sort, straighten, shine, standardize, sustain
- B. Sort, strong, shower, standardize, sustain
- C. Sort, straighten, shine, standardize, suspect
- D. Species, straighten, shine, standardize, sustain
Answer: A
NEW QUESTION # 265
is difference between the total planned for a given period and the
actual total for that period.
- A. Cumulative variance
- B. Collective concern
- C. Increasing rate
- D. Total control rate
Answer: A
NEW QUESTION # 266
The needs of sales and the economics of production must be balanced, and this balance is usually obtained with:
- A. All of the above
- B. Product Specialization
- C. Product simplication
- D. Product Standardization
Answer: A
NEW QUESTION # 267
What is the capacity of a system or resource to produce a quantity of output in a given time period?
- A. Capacity available
- B. Capacity required
- C. Capacity check
- D. Capacity on hand
Answer: A
NEW QUESTION # 268
A calculated extra amount of stock carried and is generally used to protect against quantity uncertainty in known as:
- A. Secure stock
- B. Safety stock
- C. All of the above
- D. Average stock
Answer: B
NEW QUESTION # 269
A particular type of production control system used varies from company to company, but all should perform the preceding functions is called:
- A. Manufacturing system
- B. Master system
- C. Developed system
- D. Mechanizing system
Answer: A
NEW QUESTION # 270
If demand shifts between models, the assembly line can respond daily, this is called:
- A. mixed-model scheduling
- B. variable-model scheduling
- C. Shifting scheduling
- D. miscellaneous scheduling
Answer: A
NEW QUESTION # 271
Which of the following strategic option/s is/ are used as success criteria for a corporate strategy?
- A. Feasibility (can it be made to work?)
- B. All of these
- C. Acceptability (will they work it?)
- D. Suitability (would it work?)
Answer: B
NEW QUESTION # 272
What consist of a series of operations required to make the item?
- A. procedures
- B. routing
- C. All of the above
- D. builds
Answer: B
NEW QUESTION # 273
Each distribution center first determines what it needs and when, and then places orders in central supply, in:
- A. Decentralized system
- B. Competency system
- C. Advancements system
- D. Demand ordering system
Answer: A
NEW QUESTION # 274
demand or lead time. is held to cover random unpredictable variations in supply and
- A. Safety stock
- B. Anticipatory change inventory
- C. Variant stock
- D. Random contemporary stock
Answer: A
NEW QUESTION # 275
A price that is competitive, gives the seller a profit, and allows the buyer ultimately to sell at a profit is known as:
- A. Impartial price
- B. Fair price
- C. Actual price
- D. Average price
Answer: B
NEW QUESTION # 276
Which of the following basic characteristic that can be used to measure the performance of a particular process or activity?
- A. Quantity
- B. All of the above
- C. Quality
- D. Cost
Answer: B
NEW QUESTION # 277
When a job might be expanded to include a sequence of activities instead of only one activity, this is called
- A. Correspondence expansion
- B. Horizontal enlargement
- C. Parallel expansion
- D. Vertical enlargement
Answer: B
NEW QUESTION # 278
Demonstrated capacity is average, not maximum, output and depends on the utilization and efficiency of work center.
- A. False
- B. True
Answer: B
NEW QUESTION # 279
Which one of the following is NOT an input to master production schedule (MPS)?
- A. Bill of materials
- B. Inventories and existing capacity
- C. Forecasts for individual end items
- D. Sales orders
Answer: A
NEW QUESTION # 280
The formula to calculate the Mean Absolute Deviation (MAD) is:
- A. MAD = (sum of absolute deviations / number of observations)
- B. MAD = (sum of mean deviations / number of facts)
- C. MAD = (sum of absolute deviations / number of average forecasts)
- D. MAD = (sum of random deviations / number of average observations)
Answer: A
NEW QUESTION # 281
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