Certified in Planning and Inventory Management(Part 2)

Question 1

The primary consideration in maintenance, repair, and operating (MRO) supply systems typically is:

A. shelf life.

B. order quantity.

C. stockout costs.

D. carrying costs.

Correct Answer: C

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Question 2

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

A. require traceability for components.

B. negotiate lower component cost.

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

D. push inventory to supplier locations.

Correct Answer: A

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Question 3

In which of the following environments is capable-to-promise (CTP) more appropriate than available-to-promise (ATP)?

A. Specialty chemicals packaged and shipped to order

B. Packaged foods sold in grocery stores

C. Consumer electronics sold through local retailers

D. Industrial supplies shipped from regional distribution centers (DCs)

Correct Answer: A

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Question 4

The major contribution of the production plan is to:

A. establish the weekly build schedule.

B. provide authorization for the master schedule.

C. identify key resources to support the master schedule.

D. establish demand by end item.

Correct Answer: B

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Question 5

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?

A. A Projected labor hours

B. Number of products planned for shipment

C. Value of products to be produced

D. Metric tons to be produced

Correct Answer: B

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Question 6

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

A. supply constraints can be resolved.

B. cumulative forecast deviation approaches zero.

C. required resources can be properly planned.

D. planned product launches can be incorporated.

Correct Answer: C

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Question 7

The results from responding to uncertainty in the supply chain by exaggerating lead times and increasing lot sizes is called:

A. process train.

B. supply and demand.

C. forward integration.

D. bullwhip effect.

Correct Answer: D

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Question 8

A supplier making a part with a specified dimension of 50 mm + 0.3 mm changes the tolerance range to + 0.5 mm. Which ofthe following pairs correctly identifies the changes to the percentage of defective parts and the process capability index?

A. The percentage of defective parts increases, and the process capability index decreases.

B. The percentage of defective parts increases, and the process capability index increases.

C. The percentage of defective parts decreases, and the process capability index decreases.

D. The percentage of defective parts decreases, and the process capability index increases.

Correct Answer: C

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Question 9

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

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

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

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

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

Correct Answer: D

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Question 10

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

A. Decreased fixed assets

B. Increased intangible assets

C. Increased accounts receivable

D. Decreased retained earnings

Correct Answer: A

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Question 11

Rivalry among competing sellers is generally weaker when:

A. the products of rival sellers are commodities.

B. the number of rivals increases, and rivals are of roughly equal size and competitive capability.

C. buyer demand is growing rapidly.

D. buyer costs to switch brands are low.

Correct Answer: C

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Question 12

An effective process to create meaningful change begins with:

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

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

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

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

Correct Answer: A

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Question 13

A factory work center has the following work orders. What is the load on this work center?

A. 252.5 hours

B. 248 hours

C. 257 hours

D. 332.5 hours

Correct Answer: D

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Question 14

Adopting a lean approach to manage supply chain throughput rather than a more traditional approach means that:

A. more inventory may be required.

B. longer cycle times may occur,

C. less training may be required.

D. mare capacity may be required.

Correct Answer: D

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APICS Certified in Planning and Inventory Management(Part 2) - CPIM-Part-2 Exam Practice Test

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