Cpim cpim exam 2024 Study guides, Class notes & Summaries

APICS CPIM Exam Part 2 Questions & Answers 2024/2025 14 Points - ANSWERSW. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - ANSWERSA means of compactly describing a business process Abnormal Demand - ANSWERSDemand in any period that is outside the limits established by management policy Absorption Costing - ANSWERSAn approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to eac...

CPIM Exam 1 Questions & Answers 2024/2025 Line Haul Cost - ANSWERSThe cost to operate the vehicle, whether it is half empty or full, is the same basic cost. What does alter is the distance that is traveled. Terminal Handling - ANSWERSThe cost of handling a shipment several times. When full loads are shipped there is no extra handling thus no extra cost. The shipment can go direct to the required destination. Supplier - ANSWERSA company from which you purchase parts or material Cust...

APIC CPIM Practice Exam Part 1 Questions & Answers 2024/2025 The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - ANSWERScustomer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and admini...

CPIM Practice Exam Questions & Answers 2024/2025 Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - ANSWERSLowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - ANSWERSSingle-Source Supplier Which originated with the department or person who will be the ultimate user - ANSWERSPurchase requisition Which of the f...

APICS-CPIM Exam 1 Questions & Answers 2024/2025 t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANSWERSfalse Which of the following are aspects of ERP systems? 1. Multifunctional- able to provide data concerning many parts of the firm 2. Modular- able to combine selected components into a single system 3. Independent- each functional area has its own system and data and maintains control of that system and data - ANSWERS1 and 2...

CPIM (CPIM) EXAM 2024 Repetitive Manufacturing -Answer-Repetitive manufacturing is dedicated to a single product or a small range of products, where products are passed through the same sequence of operations. Which are primary activities in manufacturing planning and control? -Answer-Production planning and inventory management Which of the following is a framework for organizing, defining, and standardizing the business processes necessary to effectively plan and control an organization?...

APICS CPIM Exam 1 review update 2023/2024 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 ...

CPIM Exam Part 1 Questions & Answers 2024/2025 Supply Chain Management - ANSWERSThe 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 Value Chain Analysis - ANSWERSAn examination of all links a company uses to produce and deliver its products and services, starting from the origi...

APICS CPIM Exam 1 Questions & Answers 2024/2025 ABC classification - ANSWERSProcess 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...