Apics cpim exam 1 with Study guides, Class notes & Summaries
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APICS CPIM MODULE 1 Exam Questions will With Verified Answers
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strategic plan - Answer examines "how to marshal and determine actions to support the mission, goals, and objectives of an organization 
 
business plan - Answer a statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow (source and application of funds) statement 
 
manufacturing planning hierarchy - Answer SMR, MPR, DSP, ECO 
 
competitive advantage - Answer the advantage a company has over its rivals ...
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APICS CPIM Part 1 Section A Exam Questions And Answers 100% Solved
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APICS CPIM Part 1 Section A Exam 
Questions And Answers 100% Solved 
Which of the following is a planned series of actions or operations that advances a material or 
procedure from one stage of completion to another? 
work-in-process. 
task. 
process. 
project. - answerC. process 
Which of the following entities or conditions impacts demand by providing expectations that 
products will be sold at a fair price, that higher quality is required, that delivery lead time is 
negligible, that before- ...
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APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION
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APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION 
 
ABC classification - The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent...
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APICS CPIM Exam Part 2 Questions With 100% Correct Answers
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APICS CPIM Exam Part 2 Questions With 
100% Correct Answers 
1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes - 
answerSteps to identify Root Cause 
can use finite capacity planning - answerhow APS is different from traditional PS 
demand-pull originates with the customer - answerlean production methods 
all inventories decrease - answerwith total quality management 
master planning - answerDRP should directly interface with 
senior management to influenc...
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APICS CPIM Exam Part 2 Module 2
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APICS CPIM Exam Part 2 Module 2 
decoupling point -Answer-point at which inventory is stored, which allows supply chain to 
operate independently 
mass customization -Answer-creation of high volume product with large variety where 
customers can choose an exact model out of a large pool of possible end items 
least squares method -Answer-selects a line of best fit through a plot of data to minimize the sum 
of square of the deviations 
multiple regression model -Answer-an equation that describes...
Too much month left at the end of the money?
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CPIM APICS Exam 1 Questions With Correct Answers
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Inventory is the ____ of Supply Chain - Answer life blood 
 
Inventory Turns equation - Answer Annual COGS/ Avrg inventory $ 
 
Matrix structure - Answer you can have more than one boss, one product group, Team members come from different teams are also members of the product management office 
 
Centralized corp structure - Answer decisions are made at the top 
 
Appropriate response to risk (4 Parts) - Answer 1. Try to avoid risk 
2. Risk acceptance 
3. Risk transfer 
4. Risk mitigation 
 
Imp...
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APICS CPIM Exam Part 2 Questions With 100% Correct Answers
- Exam (elaborations) • 2 pages • 2024
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APICS CPIM Exam Part 2 Questions With 
100% Correct Answers 
1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes - 
answerSteps to identify Root Cause 
can use finite capacity planning - answerhow APS is different from traditional PS 
demand-pull originates with the customer - answerlean production methods 
all inventories decrease - answerwith total quality management 
master planning - answerDRP should directly interface with 
senior management to influenc...
-
APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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- $10.49
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APICS CPIM Exam Part 2 Module 2 
Questions With 100% Correct Answers 2024 
decoupling point - answerpoint at which inventory is stored, which allows supply chain to 
operate independently 
mass customization - answercreation of high volume product with large variety where 
customers can choose an exact model out of a large pool of possible end items 
least squares method - answerselects a line of best fit through a plot of data to minimize 
the sum of square of the deviations 
multiple regressio...
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APICS CPIM Exam 1 2023 WITH QUALITY ANSWERS
- Exam (elaborations) • 19 pages • 2023
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ABC classification 
Process 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 dollar volume items (C class) than the higher dollar volume ...
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APICS CPIM Exam 1 | updated edition 2023/24
- Exam (elaborations) • 12 pages • 2023
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APICS CPIM Exam 1 | updated edition 2023/24 
 
ABC classification - Process 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 dollar volu...
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