CPIM - Certified in Production & Inventory Management (with Complete Solutions)

Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? correct answers Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? correc...

Supply Chain Management correct answers 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 glo...

ABC CLassification correct answers The classification of a group of items in decreasing order of annual dollar volume or other criteria Advanced Planning and Scheduling (APS) correct answers Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate,...

For the past six months, a manufacturer has experienced deviations from its forecasts. The monthly forecast deviations for the past six months are as follows: 15, -6, 12, 8, -18, and -4 units. What is the mean absolute deviation for these months? correct answers To calculate the mean absolute deviat...

Line Haul Cost correct answers The cost to operate the vehicle, whether it is half empty or full, is the same basic cost. What does alter is the distance that is traveled. Terminal Handling correct answers The cost of handling a shipment several times. When full loads are shipped there is no extr...

Random-Location Storage correct answers A storage technique in which parts are placed in any space that is empty when they arrive at the storeroom. Although this random method requires the use of a locator file to identify part locations, it often requires less storage space than a fixed-location st...

which of the following is the most appropriate first step in a significant organizational change? correct answers establishing a sense of urgency that changes needed which of the following actions is most effective when load chronically exceeds average capacity correct answers revising the master...

4 Ps correct answers `Product, Price, Promotion, Place Competitive Priorities/Performance Objectives correct answers Cost, Quality, Time, Flexibility Which trends are easiest to forcasat correct answers Stable demand Master Scheduling forcast/horizon correct answers Physical units at end it...