Cpim exam - 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...

APICS CPIM Exam 1 Questions & Answers 2024/2025 ABC classification - ANSWERSProcess 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...

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APICS-CPIM Exam 1 Questions & Answers 2024/2025 t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANSWERSfalse 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 - ANSWERS1 and 2...

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APICS CPIM Exam 1 Questions and Answers (Latest Update 2024)