Certified in Planning and Inventory Management (CPIM) Tests Bundle Set

14 Points CORRECT ANSWER W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method CORRECT ANSWER A means of compactly describing a business process Abnormal Demand CORRECT ANSWER Demand in any period that is outside the limits established...

ABC CLassification CORRECT ANSWER The classification of a group of items in decreasing order of annual dollar volume or other criteria Advanced Planning and Scheduling (APS) CORRECT ANSWER Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, a...

ABC classification CORRECT ANSWER 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; ...

CPIM Part 1 - L. Execution and Control questions with correct answers

Which of the following tools is considered an important quality management tool? CORRECT ANSWER Control Chart. The primary use of control charts is to detect assignable causes of variation in a process. In a bill of material, the path that adds up to the greatest number of lead time periods defin...

Random-Location Storage CORRECT ANSWER A storage technique in which parts are placed in any space that is empty when they arrive at the storeroom. Although this random method requires the use of a locator file to identify part locations, it often requires less storage space than a fixed-location sto...