Cpim - Study guides, Class notes & Summaries

CPIM Exam 1 Questions & Answers 2024/2025 Line Haul Cost - ANSWERSThe 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 - ANSWERSThe cost of handling a shipment several times. When full loads are shipped there is no extra handling thus no extra cost. The shipment can go direct to the required destination. Supplier - ANSWERSA company from which you purchase parts or material Cust...

APICS CPIM PART 1 SECTION A EXAM 2024/2025

APICS CPIM Exam Part 2 Questions & Answers 2024/2025 14 Points - ANSWERSW. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - ANSWERSA means of compactly describing a business process Abnormal Demand - ANSWERSDemand in any period that is outside the limits established by management policy Absorption Costing - ANSWERSAn approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to eac...

ASCM CPIM Exam Review Questions & Answers 2024/2025 Appraisal - ANSWERSWhich of the following types of quality costs includes inspecting materials? To investigate further to identify the root cause - ANSWERSWhat is the objective of using the "five whys" technique to analyze defects? When the inspection cost is less than the cost of loss resulting from failure of the part - ANSWERSWhen is 100% inspection most appropriate for an incoming part used in a complex product assembly? Sam...

CPIM Exam Part 1 Questions & Answers 2024/2025 Supply Chain Management - ANSWERSThe 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 - ANSWERSAn examination of all links a company uses to produce and deliver its products and services, starting from the origi...

Using ABC classification for cycle counting, A items are counted every week, B items are counted quarterly, and C items are counted annually. There are 2,000 A items, 5,000 B items, and 20,000 C items. How many items are counted each day in total if there are 50 working weeks in the year translating to 250 workdays in the year? A. 574 units B. 404 units C. 395 units D. 560 units D. 560 units To determine the total number of items to count, multiply the number of items by the number of time...

CPIM Practice Exam Questions & Answers 2024/2025 Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - ANSWERSLowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - ANSWERSSingle-Source Supplier Which originated with the department or person who will be the ultimate user - ANSWERSPurchase requisition Which of the f...

CPIM EXAM PART 1 REVIEW QUESTIONS & ANSWERS GRADED A+ The most common sequence for processing products in a supply chain is: A. supplier, manufacturer, customer. B. manufacturer, customer, supplier. C. distributor, retailer, supplier. D. retailer, supplier, manufacturer. A. supplier, manufacturer, customer. Which of the following terms pertains to the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a ...

APIC CPIM Practice Exam Part 1 Questions & Answers 2024/2025 The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - ANSWERScustomer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and admini...