CPIM PracticeExam271QuestionswithAnswers.
1. Creating an extensive distribution system in order to reduce shipment time to
customers conflicts with which of the following objectives? - Correct Answer
Lowest distribution costs
2. Which is set up when a product is available from several sources b...
CPIM Practice Exam 271 Questions with Answers.
1. Creating an extensive distribution system in order to reduce shipment time to
customers conflicts with which of the following objectives? - Correct Answer
Lowest distribution costs
2. Which is set up when a product is available from several sources but only one
source gets all of the business? - Correct Answer Single-Source Supplier
3. Which originated with the department or person who will be the ultimate user -
Correct Answer Purchase requisition
4. Which of the following provides insight into why the acquisition cost is often a very
small portion of the supply chain's total cost? - Correct Answer Total cost of
ownership
5. Which tends to increase when shipments are by full truckload rather than less than
truckload? - Correct Answer Carrying Costs
6. In the middle of April, an unusually large order comes in from a customer, at odds
with forecast data. In May, the customer's orders are more in line with forecasts.
This could be the result of: - Correct Answer An exceptional event
7. Which of the following describes the UN Global Compact Management Model? -
Correct Answer Framework for guiding companies through the process of formally
committing to, assessing, defining, implementing, measuring, and communicating
the UN Global Compact and its principles
8. Per the theory of constraints (TOC), in a plant producing a complex product with
higher demand than be be produced at present, which would be the best way listed
to find "the weakest link" in the manufacturing process. - Correct Answer Look for a
fully utilized work center with work in process inventory accumulating before it but
low work center utilization of direct downstream work center
9. Which of the following is a key performance indicator critical to manufacturing
execution and an accurate reflection of the company's assets? - Correct Answer
Record accuracy
10. A manufacturer places a replenishment order to replace sold or used items every
two months. This is an example of what kind of inventory model? - Correct Answer
Fixed reorder cycle
11. A manager has factored in an additional three days for an order to protect against
fluctuation in lead time. If all processes run smoothly, a work center might be able
to complete orders ahead of time. What is this additional time called? - Correct
Answer Safety lead time
,12. What is the term for the necessary activities and techniques used by a corporation
to ensure that they always have the desired level of raw materials to meet
demand? - Correct Answer Inventory control
13. What sets out the provisions and agreements of a contract? - Correct Answer
Terms and conditions
14. Which of the following is a characteristic of flow manufacturing? - Correct Answer
Work centers are dedicated to producing similar products
15. Resource planning takes place at which of the following levels? - Correct Answer
Business plan
16. Input/Output control is a technique for monitoring the: - Correct Answer Capacity
requirement plan
17. If a manufacturer prioritizes avoiding production interruptions caused by supply
issues, what selection criterial should it prioritize in the supplier selection process?
- Correct Answer Reliability
18. Which of the following tools uses mathematical algorithms or logic to perform
optimization or simulation on finite capacity scheduling - Correct Answer Advanced
planning and scheduling
19. Which of thee following is a critical factor in the supplier selection process? -
Correct Answer Supplier's manufacturing capability
20. What is capacity requirements planning (CRP) primarily used for? - Correct
Answer Balancing work center capacity and load
21. A benefit of implementing electronic data interchange (EDI) with a supplier is a
reduction in: - Correct Answer Data Errors
22. Which functional area would best be able to help engineers determine weather a
material can be used in amounts sufficient for total demand within constraints on
the final product cost? - Correct Answer Purchasing
23. Order promising is the process of - Correct Answer Making a delivery commitment
24. Which of the following is the process of combining statistical forecasting
techniques and judgement to construct demand estimated for products/services
across the supply chain from the suppliers raw material to the consumers needs? -
Correct Answer Demand planning
, 25. A guitar retailer sells four Gibson Les Pauls and a Fender Telecaster in one week.
The manager place an order to Gibson for Four Les Pauls and another order to
Fender for a single Telecaster. What is the name for this lot ordering technique? -
Correct Answer Lot for Lot
26. Which of the following activities represents reverse logistics? - Correct Answer
Returning goods to the seller for repair, remanufacture, or recycling activity.
27. Sales and operations plans perform which of the following action? - Correct
Answer Reconcile all supply, demand, and new product plans at the aggregate
level and tie to the business plan
28. Owner's equity is defined as: - Correct Answer The residual claim by the
company's owners or shareholders to the company's assets less its liabilities.
29. A workstation can produce 100 pencils per hour and possibly 20,000 per year. This
is a measure of the workstations hourly and annual - Correct Answer Capacity
30. Product inventory that is accumulated by the manufacturer in advance of the peak
selling season is an example of - Correct Answer Anticipation inventory
31. What is the distinction between the distribution channel and the transaction
channel? - Correct Answer The distribution channel is concerned with the route of
goods; the transaction channel is concerned with the transfer of ownership
32. Which of the following terms applies to spreading orders out in time or rescheduling
operations so that the amount of work to be done in sequential time periods tends
to be distibuted evenly and is achievable? - Correct Answer Load Leveling
33. Which of the following is true if material and capacity resources are to be planned
effectively? - Correct Answer All sources of demand must be identifies
34. A statement of lone-range strategy and revenue, cost, and profit objectives usually
accompanied by budgets, a projected balance sheet, and cash flow is called a; -
Correct Answer Business plan
35. A repetitive pattern of demand from year to year with some periods considerably
higher than others is known as - Correct Answer Seasonality
36. In which accounting method for valuing inventory is the most recently received the
first to be used or sold? - Correct Answer Last in, first out
37. Inventory carrying cost includes: - Correct Answer The costs of obsolescence and
storage
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Lectjoe. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €17,57. Je zit daarna nergens aan vast.
