Cpim exam - Study guides, Class notes & Summaries

ABC classification - Answer Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher dollar...

Cpim exam study part 1 (section 2) With Complete Solutions Latest Update

CPIM Exam Study Guide Part 1 Sec 2 Questions & Answers 2024/2025 How does enterprise resources planning (ERP) differ from manufacturing resource planning? - ANSWERSERP does not dwell on manufacturing alone. After an order is released, it turns out that not all of the resources needed are available. What will happen next? - ANSWERSThere will be idle capacity at some work centers unless rescheduled. Which of the following are manufacturing order pick lists most likely to exclude? - ANSW...

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...

ABC classification correct answers Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher...

APICS CPIM Exam 1 review update 2023/2024 ABC classification - Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume ...

CPIM EXAM STUDY GUIDE 2024 |600| QUESTIONS WELL SOLVED 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? ANS-To calculate the mean absolute deviation, first make each deviation positive and sum these absolute values: 15 + 6 + 12 + 8 + 18 + 4 = 63 units. Next divide by the number of periods (six): 63/6...

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. - Answer- 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 competitive infrastructure, leveraging worldwide...

CPIM Exam Questions With 100% Correct Answers Repetitive Manufacturing - answerRepetitive 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? - answerProduction planning and inventory management Which of the following is a framework for organizing, defining, and standardizing the business processes necessary to effectively plan an...

CPIM Exam Part 1 Questions & Answers 2024/2025 Planned Backlog - ANSWERSPrevious Planned Backlog + Planned Input - Planned Output Actual Backlog - ANSWERSPrevious Actual Backlog + Actual Input - Actual Output Throughput Formula - ANSWERSRevenues Received - Variable Costs/ Units of Time Period New Safety Stock - ANSWERSOld Safety Stock x √New Lead Time/Old Lead Time Demand During Lead Time - ANSWERSUnits per Period x Lead Time Takt Time - ANSWERSAvailable Production Time/Ra...