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 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...

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 ...

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...

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...

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