CPIM Certification CH 3 BUNDLED EXAMS 2023 WITH 100% CORRECT SOLUTIONS

Supply Chain Management The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally Va...

14 Points W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method A means of compactly describing a business process 00:21 01:47 Abnormal Demand Demand in any period that is outside the limits established by manageme...

which of the following is the most appropriate first step in a significant organizational change? establishing a sense of urgency that changes needed which of the following actions is most effective when load chronically exceeds average capacity revising the master schedule 00:...

How does enterprise resources planning (ERP) differ from manufacturing resource planning? ERP does not dwell on manufacturing alone. After an order is released, it turns out that not all of the resources needed are available. What will happen next? There will be idle capacity at some work c...

A work center is receiving enough work, but it is not performing to plan. To detect problems in this work center, the planner should compare: actual output to planned output. A company is experiencing a change in demand from steady to sporadic. It currently uses economic order quantity (EOQ)...

Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This year's annual COGS was $2,300,000. What is this year's inventory turnover? 0.511 times EXPLANATION: I...

Demand management includes which of the following activities? I. Forecasting II. Product shipping III. Entering customer orders A. I only B. II only C. III onl D. I and III D Demand management is the firm's connection to which of the following entities? A. Suppliers B. Employees C...

Which of the following tools is considered an important quality management tool? 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 defines the: C...

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

Machine utilization can be increased by: reducing unplanned downtime. A compound used to clean manufacturing equipment would be classified as which of the following types of inventory? Maintenance, repair, and operating supplies Mean time to repair (MTTR) is the average time: of pro...