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CPIM Certified in Planning and Inventory Management (CPIM 8.0)

Certified in Planning and Inventory Management (CPIM 8.0)

Last Update Apr 28, 2024
Total Questions : 150

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Questions 4

The primary outcome of frequent replenishments in a distribution requirements planning (DRP) system is that:

Options:

A.  

lead times to customers decrease.

B.  

transportation costs decrease.

C.  

the level of required safety stock is reduced.

D.  

more efficient load consolidation occurs.

Discussion 0
Questions 5

Substituting capital equipment in place of direct labor can be economically Justified for which of the following scenarios?

Options:

A.  

Volumes are forecasted to increase

B.  

Material prices are forecasted to increase

C.  

Implementing a pull system in production

D.  

Functional layouts are being utilized

Discussion 0
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Questions 6

It takes an average of 3 hours to set up a model and 1 hour to run, but depending on the complexity of the models, the setup time can be significantly different. Last week. 2 modelers were working on different projects. Each worked 40 hours. One modeler finished 5 models a day, and the other finished 1 model a day. What was the demonstrated capacity last week?

Options:

A.  

25models

B.  

15models

C.  

10models

D.  

30models

Discussion 0
Questions 7

Which of the following methods would be appropriate for forecasting the demand for a product family when there is a significant trend and seasonality in the demand history?

Options:

A.  

Econometric models

B.  

Computer simulation

C.  

Time series decomposition

D.  

Weighted moving average

Discussion 0

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