CPIM

CPIM Part 1 Module 5 Summary and elaborations inventory *** Those stocks or items used to support production (raw materials and work-in-process items), supporting activities (maintenance, repair, and operating supplies) and customer service (finished goods and spare parts). Demand for inventory may be dpendent or independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, buffer, or reserve), transportation (pipeline), and service parts Inventory Ma...

CPIM Part 1 Module 4 Summary notes supplier *** 1) provider of goods or services 2) seller with whom the buyer does business, as opposed to vendor, which is a generic term referring to all sellers in the marketplace purchasing *** The term used in industry and management to denote the function of and the responsibility for procuring materials, supplies, and services. procurement *** The business functions of procurement planning, purchasing, inventory control, traffic, receiving,...

APIC'S CPIM Part 1 Post Test |Complete Questions with A+ Graded Answers In addition to customer orders, the master production schedule (MPS) might handle which of the following types of demand? Bill-of-material items Interplant orders Dependent demand Parts list items Interplant orders: Interplant demand is usually handled by the master production scheduling system in a manner similar to customer orders. A shipment of remote control components is delivered to a factory and immediatel...

CPIM PostTest, Practice Exam 1 & Practice Exam 2 Compiled Questions And Answers Graded A+ What type of demand inventory ordering model includes fixed reorder cycles, fixed reorder quantities, optional replenishment, and hybrid models? Material requirements planning Kanban Drum-buffer-rope Independent Independent independent demand inventory ordering models include fixed reorder cycles, fixed reorder quantities, optional replenishment, and hybrid models, among others. Dependent demand...

APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS. t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data false Which of the following are aspects of ERP systems? 1. Multifunctional- able to provide data concerning many parts of the firm 2. Modular- able to combine selected components into a single system 3. Independent- each functional area has its own system and data and maintains control of that system and data 1 and 2 ERP...

APICS CPIM Part 1 Section A Q & A With A+ Graded Answers Which of the following is a planned series of actions or operations that advances a material or procedure from one stage of completion to another? work-in-process. task. process. project. C. process Which of the following entities or conditions impacts demand by providing expectations that products will be sold at a fair price, that higher quality is required, that delivery lead time is negligible, that before- and after...

CPIM1 Section A (Quiz A Practice) Quizzes & Complete Answers Simultaneous engineering A company is seeking to design a new product as a low-cost manufacturer. Which of the following design methods brings product and process design groups together to achieve this objective? How can the objectives of marketing be met while also considering other stakeholder objectives? Marketing and production objectives can be met with higher inventories. qualifier The price for a product must fall ...

CPIM1 Section C |Complete Questions with A+ Graded Answers Which of the following situations is an example of common cause or chance variation? The humidity in a room varies from one day to the next. Which of the following terms is associated with the systematic use of techniques that identify a required function, establish a value for that function, and finally provide that function at the lowest overall cost? Value analysis What is the term for an acceptable departure from a targe...

CPIM (CPIM) EXAM|Complete Questions with A+ Graded Answers Repetitive Manufacturing Repetitive manufacturing is dedicated to a single product or a small range of products, where products are passed through the same sequence of operations. Which are primary activities in manufacturing planning and control? Production planning and inventory management Which of the following is a framework for organizing, defining, and standardizing the business processes necessary to effectively plan ...

APICS CPIM Exam Part 2|Complete Questions with A+ Graded Answers 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes Steps to identify Root Cause can use finite capacity planning how APS is different from traditional PS demand-pull originates with the customer lean production methods all inventories decrease with total quality management master planning DRP should directly interface with senior management to influence the aggre...