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CPIM-Part-2 Certified in Planning and Inventory Management(Part 2) Questions and Answers

Questions 4

A product family consists of 46 items, each having 5 features available and 6 options available. At which level of the bill ofmaterial (BOM) would it be most appropriate to forecast?

Options:

A.

Subassembly level items

B.

Component level items

C.

Final assembly level items

D.

Both subassembly level and final assembly level items

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Questions 5

What is the shortest manufacturing lead time required for 10 units of Item A assuming that it must complete Operations10,20, and 30 in a work cell, and these operations require no set up time”?

Options:

A.

10 hours

B.

12 hours

C.

13 hours

D.

30 hours

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Questions 6

One way to mitigate liability risk in the supply chain is to:

Options:

A.

negotiate lower component cost.

B.

require traceability for components.

C.

push inventory to supplier locations.

D.

use less-than-truckload (LTL) shipments more frequently.

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Questions 7

Which of the following strategies can improve the effectiveness of a company's customer value proposition and enhance itsdifferentiation in the market?

Options:

A.

Relocate high-cost activities to other geographic areas.

B.

Outsource activities to outside vendors or contractors.

C.

Invest in productivity enhancing technological improvements.

D.

Adopt best practices that improve product design.

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Questions 8

The capacity requirements plan is used primarily to:

Options:

A.

balance capacity and load at work centers.

B.

calculate the level of available capacity.

C.

determine the overall product load profile.

D.

determine the priority of orders.

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Questions 9

The approved output of the distribution requirements planning (DRP) process is an input to which of the following planningprocesses?

Options:

A.

Strategic

B.

Business

C.

Master production 0

D.

Final assembly

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Questions 10

Which of the following types of operational strategies typically would result in the lowest inventory cost?

Options:

A.

Mixed-model

B.

Level

C.

Chase

D.

Hybrid

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Questions 11

What is a result of effective production activity control (PAC)?

Options:

A.

Actual input/output matches planned input/output

B.

Less scrap and rework on the shop floor

C.

Fewer machine hours are required for production

D.

Available capacity is increased ®

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Questions 12

A planner has chosen to increase the order point for a raw material. Which of the following costs is most likely to increase?

Options:

A.

Carrying

B.

Ordering

C.

Landed

D.

Product

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Questions 13

Safety capacity in lean environments is:

Options:

A.

unnecessary waste to be reduced in the next kaizen event.

B.

where taketime is greater than cycle time.

C.

provided by adding an additional shift.

D.

employing additional workers in peak periods.

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Questions 14

Locating service facilities differs from locating manufacturing or distribution facilities primarily because service locationdecisions are:

Options:

A.

driven by revenue concerns, while manufacturing and distribution location decisions are driven by costs.

B.

driven by competition, while manufacturing and distribution location decisions are not.

C.

driven by real estate costs, while manufacturing and distribution location decisions are driven by productcosts.

D.

determined after surveying customers, while manufacturing and distribution location decisions are

determined after surveying suppliers.

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Questions 15

Increased use of third-party logistics (3PL) services is likely to have which of the following effects on a firm's balance sheet?

Options:

A.

Decreased fixed assets

B.

Decreased retained earnings

C.

Increased accounts receivable

D.

Increased intangible assets

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Questions 16

Which of the following approaches is most effective in communicating operational performance?

Options:

A.

Quality performance measures

B.

Reviewing conformance to schedule

C.

Visual control boards at several locations

D.

Monthly meetings with employees

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Questions 17

Staging in a manual system corresponds to which of the following functions in a computer system?

Options:

A.

Order release

B.

Allocation

C.

Dispatching

D.

Bill-of-material explosion

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Questions 18

Which of the following criteria is used to determine safety stock in a distribution center (DC)?

Options:

A.

Economic order quantity (EOQ) N

B.

Seasonal index value

C.

Alpha factor level

D.

Probability of stocking out

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Questions 19

The cumulative available-to-promise (ATP) method is based on an assumption that available inventory in a period can becommitted to demand in that period and:

Options:

A.

any future period in the planning horizon.

B.

any period before the demand time fence (DTF).

C.

future periods beyond the DTF.

D.

future periods with a planned receipt.

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Questions 20

A company with stable demand that uses exponential smoothing to forecast demand would typically use a:

Options:

A.

low alpha value.

B.

low beta value.

C.

high beta value.

D.

high alpha value.

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Questions 21

A company's competitive business strategy is based on offering customized products or features and a rapid response tomarket shifts. The company's process technology and equipment should be characterized by which of the followingcombinations?

Options:

A.

Continuous flow processes and a high degree of fixed automation

B.

Product-independent processes with parallel production lines

C.

Product-independent processes and flexible automation

D.

Product-dependent processes and automation based on product volume

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Questions 22

Which of the following outcomes is a benefit of mixed-model scheduling?

Options:

A.

Increased inventory

B.

Improved demand response

C.

Fewer setups

D.

Fewer material shortages

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Questions 23

In a make-to-stock (MTS) environment, which of the following actions would improve thetrade-off between the cost ofinventory and the level of customer service?

Options:

A.

Improving estimates of customer demand

B.

Eliminating raw material stockouts

C.

Decreasing the frozen time zone

D.

Reducing manufacturing overtime

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Questions 24

Work Center 1 has an available capacity of 1,200 hours per month. Which of the following amounts represents thecumulative differencebetweenthe required capacity and the available capacity of Months 1 through 37

Options:

A.

50

B.

150

C.

1,250

D.

3,750

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Questions 25

In the sales and operations planning (S&0P) process in a repetitive manufacturing environment, the resulting operationsplan for a product family could be stated in terms of which of the following outputs?

Options:

A.

A Projected labor hours

B.

Metric tons to be produced

C.

Value of products to be produced

D.

Number of products planned for shipment

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Questions 26

Sales and operations planning (S&0P) in a make-to-stock (MTS) environment is concerned withprojecting:

Options:

A.

item forecasts.

B.

inventory.

C.

backlog.

D.

bookings.

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Questions 27

The horizon for forecasts that are input to the sales and operations planning (S&O0P) process should be long enough that:

Options:

A.

cumulative forecast deviation approaches zero.

B.

planned product launches can be incorporated.

C.

required resources can be properly planned.

D.

supply constraints can be resolved.

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Questions 28

A life cycle assessment (LCA) would be used to determine:

Options:

A.

the length of a long-term agreement.

B.

how an item should be scheduled.

C.

environmental aspects and impacts.

D.

if risk pooling would reduce inventory investment.

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Questions 29

Ergonomic workstation design should incorporate:

Options:

A.

an andon board.

B.

reduction of repetitive motion.

C.

bending so as to reduce monotony of work.

D.

visual systems.

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Questions 30

Which of the following conditions is required for an effective single-sourcing relationship?

Options:

A.

Demand for the customer's products must be stable.

B.

The supplier must offer the lowest price per unit.

C.

The organizations must be mutually dependent.

D.

The organizations must be located close to each other.

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Questions 31

Shop backlogs remain constant when:

Options:

A.

work input equals work output,

B.

forecasts are updated on the basis of the longest lead time item.

C.

capacity is assumed to be infinite.

D.

shop orders are released at a steady rate.

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Questions 32

Which of the following statements is true about the mean time between failures (MTBF) measure?

Options:

A.

Itis used for non-repairable products.

B.

An increase in MTBF is proportional to an increase in quality.

C.

Itis a useful measure of reliability.

D.

Itis the same as operating life or service life.

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Questions 33

What is the main negative effect of changing the due dates of open orders?

Options:

A.

The schedule information becomes inaccurate.

B.

The customer service level decreases.

C.

It leads to "nervousness" in the schedule.

D.

The schedule does not support demand.

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Questions 34

The planned channels of inventory disbursement from one or more sources to field warehouses are known as:

Options:

A.

Asupply chain community.

B.

interplant demand.

C.

a bill of distribution.

D.

logistics data interchange (LDI).

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Questions 35

An important benefit of an effective work cell layout is:

Options:

A.

reduced maintenance.

B.

improved space utilization.

C increased machine utilization.

C.

increased changeover efficiency.

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Questions 36

A manufacturer wishes to decrease the time-to-market for a new product family. Which of thefollowing strategies should beused?

Options:

A.

Decrease the number of suppliers for components of the new product.

B.

Decrease the purchasing lot size for the new product's components.

C.

Increase collaboration between the buyer and the supplier of new components.

D.

Increase the safety stocks for the new product's components.

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Questions 37

Which of the following planning modules considers the longest-range planning goals?

Options:

A.

Capacity requirements planning (CRP)

B.

Input/output analysis

C.

Resource planning

D.

Rough-cut capacity planning (RCCP)

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Questions 38

Which of the following priority rules is most consistent with the objective of meeting due dates?

Options:

A.

First-come-first-served

B.

Shortest processing time (SPT)

C.

Fewest operations remaining

D.

Slack time per operation

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Questions 39

Given the information below, reducing which measure by 10% would contribute most to shortening the cash-to-cash cycletime?

Options:

A.

Accounts receivable

B.

Inventory value

C.

Accounts payable

D.

Cost of capital

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Questions 40

An effective process to create meaningful change begins with:

Options:

A.

reviewing financial outcomes and metrics over the last 4 quarters year-over-year.

B.

identifying and discussing a past crisis, a potential crisis, or major opportunities.

C.

refreshing corporate strategy to align with current marketplace realities for your industry.

D.

using consultants to provide in-depth analysis of current management opportunities.

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Questions 41

Which of the following methods most likely introduces a temporary variance betweenthe inventory balance and theinventory record?

Options:

A.

Inventory write-off

B.

B. Backflushing

C.

Cycle count

D.

Kanban

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Questions 42

A firm produces a moderate variety of products to stock in a single plant. The plant is organized in a functional layout withsome work cells. Which of the following indicators most appropriately would be used to evaluate the effectiveness of thedetailed capacity planning processes?

Options:

A.

Units of output per direct labor hour

B.

Change in level of work-in-process (WIP) inventory

C.

Percentage of master schedule attained

D.

Level of finished goods inventory

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Questions 43

Once an organization's monthly sales and operations planning (S&0OP) process hasbeen completed, the functionalresponsibility of operations is to:

Options:

A.

change the master schedule to meet the sales orders.

B.

signal critical capacity constraints to top management.

C.

meet the revised production plan.

D.

produce to the current master production schedule (MPS).

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Questions 44

In a rapidly changing business environment, a primary advantage of an effective customer relationship management (CRM) program is:

Options:

A.

reduced forecast variability.

B.

fewer customer order changes.

C.

fewer customer defections.

D.

earlier identification of shifts in customer preferences.

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Questions 45

The production plan relates to a firm's financial planning because it is used to:

Options:

A.

calculate standard product costs.

B.

determine variable costs.

C.

project payroll costs.

D.

identify future cash needs.

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Exam Code: CPIM-Part-2
Exam Name: Certified in Planning and Inventory Management(Part 2)
Last Update: Jun 17, 2024
Questions: 151
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