CPIM Part 1-2024
Supply Chain Management - ANS-The design, planning, execution, control, and
monitoring of supply chain activities with the objective of creating net value, building a
competitive infrastructure, leveraging worldwide logistics, synchronizing supply with
demand, and measuring performance globally
Value Chain Analysis - ANS-An examination of all links a company uses to produce and
deliver its products and services, starting from the origination point and continuing
through delivery to the final customer.
Risk Management - ANS-The identification, assessment, and prioritization of risks
followed by coordinated and economical application of resources to minimize, monitor,
and control
Operations Management - ANS-The planning, scheduling, and control of the activities
that transform inputs into finished goods and services
Materials Management - ANS-The grouping of management functions supporting the
complete cycle of material flow
Manufacturing Planning and Control (MPC) - ANS-High-level planning, master
scheduling, material requirements planning (MRP), and execution control along with the
related check on available capacity
Strategic Plan - ANS-The plan for how to marshal and determine actions to support the
mission, goals, and objectives of an organization
Business Plan - ANS-A statement of long-range strategy and revenue, cost, and profit
objectives usually accompanied by budgets, a projected balance sheet, and a cash flow
statement
,What if Analysis - ANS-The process of evaluating alternate strategies by answering the
consequences of changes to forecasts, manufacturing plans, inventory levels, and so
forth
Tactical Plan - ANS-The set of functional plans (sales plan, production plan, marketing
plan) synchronizing activities across functions that specify production levels, capacity
levels, staffing levels, funding levels, for achieving the intermediate goals and objectives
to support the organization's strategic plan
Balanced Scorecard - ANS-A list of financial and operational measurements used to
evaluate organizational or supply chain performance
Participative Design/Engineering - ANS-The simultaneous participation of all the
functional areas of the firm in the product design activity
Manufacturing Process - ANS-The series of operations performed upon material to
convert it from the raw material or a semi-finished state to a state of further completion
Manufacturing Philosophy - ANS-The set of guiding principles, driving forces, and
ingrained attitudes that helps communicate goals, plans, and policies to all employees
and that is reinforced through conscious and subconscious behavior within the
manufacturing organization
VATI Analysis - ANS-In the theory of constraints, a procedure for determining the
general flow of parts and products from raw materials to finished goods
Product Life Cycle - ANS-The stages a new product goes through from beginning to end
, PLC - Introduction - ANS-Sales are very low during this phase due to customers not
having awareness of the product and high initial costs of production
PLC - Growth - ANS-Product rapidly gains market share, stress is put on manufacturing
and distribution based on initial forecasts vs. actual demand. Unit costs drop because of
increased production
PLC - Maturity - ANS-Many customers already have the product, the market is ripe with
competing products. Products may be enhanced in order to keep customer's interest
PLC - Decline - ANS-Demand for the product is diminishing quickly. In order to profit the
item must be switched to a less expensive production environment
Project Management - ANS-The use of skills and knowledge in coordinating the
organizing, planning, scheduling, directing, controlling, monitoring, and evaluating of
prescribed activities to ensure that the stated objectives of a project, manufactured
good, or service are achieved
Gantt Chart - ANS-The earliest and best-known type of planning and control chart,
especially designed to show graphically the relationship between planned performance
and actual performance over time
Intermittent Production - ANS-A form of manufacturing in which the jobs pass through
the functional departments in lots, and each lot may have a different routing
Nesting - ANS-The act of combining several small processes to form one larger process
Product Layout or Flow Process Layout - ANS-A system that is set up for a limited range
of similar products
Supply Chain Management - ANS-The design, planning, execution, control, and
monitoring of supply chain activities with the objective of creating net value, building a
competitive infrastructure, leveraging worldwide logistics, synchronizing supply with
demand, and measuring performance globally
Value Chain Analysis - ANS-An examination of all links a company uses to produce and
deliver its products and services, starting from the origination point and continuing
through delivery to the final customer.
Risk Management - ANS-The identification, assessment, and prioritization of risks
followed by coordinated and economical application of resources to minimize, monitor,
and control
Operations Management - ANS-The planning, scheduling, and control of the activities
that transform inputs into finished goods and services
Materials Management - ANS-The grouping of management functions supporting the
complete cycle of material flow
Manufacturing Planning and Control (MPC) - ANS-High-level planning, master
scheduling, material requirements planning (MRP), and execution control along with the
related check on available capacity
Strategic Plan - ANS-The plan for how to marshal and determine actions to support the
mission, goals, and objectives of an organization
Business Plan - ANS-A statement of long-range strategy and revenue, cost, and profit
objectives usually accompanied by budgets, a projected balance sheet, and a cash flow
statement
,What if Analysis - ANS-The process of evaluating alternate strategies by answering the
consequences of changes to forecasts, manufacturing plans, inventory levels, and so
forth
Tactical Plan - ANS-The set of functional plans (sales plan, production plan, marketing
plan) synchronizing activities across functions that specify production levels, capacity
levels, staffing levels, funding levels, for achieving the intermediate goals and objectives
to support the organization's strategic plan
Balanced Scorecard - ANS-A list of financial and operational measurements used to
evaluate organizational or supply chain performance
Participative Design/Engineering - ANS-The simultaneous participation of all the
functional areas of the firm in the product design activity
Manufacturing Process - ANS-The series of operations performed upon material to
convert it from the raw material or a semi-finished state to a state of further completion
Manufacturing Philosophy - ANS-The set of guiding principles, driving forces, and
ingrained attitudes that helps communicate goals, plans, and policies to all employees
and that is reinforced through conscious and subconscious behavior within the
manufacturing organization
VATI Analysis - ANS-In the theory of constraints, a procedure for determining the
general flow of parts and products from raw materials to finished goods
Product Life Cycle - ANS-The stages a new product goes through from beginning to end
, PLC - Introduction - ANS-Sales are very low during this phase due to customers not
having awareness of the product and high initial costs of production
PLC - Growth - ANS-Product rapidly gains market share, stress is put on manufacturing
and distribution based on initial forecasts vs. actual demand. Unit costs drop because of
increased production
PLC - Maturity - ANS-Many customers already have the product, the market is ripe with
competing products. Products may be enhanced in order to keep customer's interest
PLC - Decline - ANS-Demand for the product is diminishing quickly. In order to profit the
item must be switched to a less expensive production environment
Project Management - ANS-The use of skills and knowledge in coordinating the
organizing, planning, scheduling, directing, controlling, monitoring, and evaluating of
prescribed activities to ensure that the stated objectives of a project, manufactured
good, or service are achieved
Gantt Chart - ANS-The earliest and best-known type of planning and control chart,
especially designed to show graphically the relationship between planned performance
and actual performance over time
Intermittent Production - ANS-A form of manufacturing in which the jobs pass through
the functional departments in lots, and each lot may have a different routing
Nesting - ANS-The act of combining several small processes to form one larger process
Product Layout or Flow Process Layout - ANS-A system that is set up for a limited range
of similar products
