2024 CPIM Part 1 (A+ Graded Already)

ABC CLassification correct answers The classification of a group of items in decreasing order of annual dollar volume or other criteria Advanced Planning and Scheduling (APS) correct answers Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods Advance ship notice (ASN) correct answers An electronic data interchange (EDI) notification of shipment of product. Andon correct answers A sign board with signal lights used to make workers and management aware of a quality, quantity, or process problem Anticipation Inventories correct answers Additional inventory above basic pipeline stock to cover projected trends of increasing sales, planned sales promotion programs, seasonal fluctuations, plant shutdowns, and vacations Assemble-To-Order (ATO) correct answers A production environment where a good or service can be assembled after receipt of a customer's order. The key components (bulk, semi-finished, intermediate, subassembly, fabricated, purchased, packing, and so on) used in the assembly or finishing process are planned and usually stocked in anticipation of a customer order. Receipt of an order initiates assembly of the customized product. This strategy is useful where a large number of end products (based on the selection of options and accessories) can be assembled from common components. Assembly line correct answers An assembly process in which equipment and work centers are laid out to follow the sequence in which raw materials and parts are assembled Assignable Cause correct answers A source of variation in a process that can be isolated, especially when its significantly larger magnitude or different origin readily distinguishes it from random causes of variation Available Inventory correct answers The on-hand inventory balance minus allocations, reservations, backorders, and (usually) quantities held for quality problems Available-To-Promise (ATP) correct answers In operations, the uncommitted portion of a company's inventory and planned production maintained in the master schedule to support customer-order promising. Average Inventory correct answers One-half the average lot size plus the safety stock, when demand and lot sizes are expected to be relatively uniform over time. The average can be calculated as an average of several inventory observations taken over several historical times periods