CPIM PROFESSIONAL PREP QUESTIONS
AND ACCURATE ANSWERS GRADED A+
●● Value Chain Analysis
Answer: An examination of all links a company uses to produce and
deliver its products and services, starting from the origination point and
continuing through delivery to the final customer.
●● Risk Management
Answer: The identification, assessment, and prioritization of risks
followed by coordinated and economical application of resources to
minimize, monitor, and control
●● Operations Management
Answer: The planning, scheduling, and control of the activities that
transform inputs into finished goods and services
●● Materials Management
Answer: The grouping of management functions supporting the
complete cycle of material flow
●● Manufacturing Planning and Control (MPC)
,Answer: High-level planning, master scheduling, material requirements
planning (MRP), and execution control along with the related check on
available capacity
●● Strategic Plan
Answer: The plan for how to marshal and determine actions to support
the mission, goals, and objectives of an organization
●● Business Plan
Answer: A statement of long-range strategy and revenue, cost, and profit
objectives usually accompanied by budgets, a projected balance sheet,
and a cash flow statement
●● What if Analysis
Answer: The process of evaluating alternate strategies by answering the
consequences of changes to forecasts, manufacturing plans, inventory
levels, and so forth
●● Tactical Plan
Answer: The set of functional plans (sales plan, production plan,
marketing plan) synchronizing activities across functions that specify
production levels, capacity levels, staffing levels, funding levels, for
achieving the intermediate goals and objectives to support the
organization's strategic plan
, ●● Balanced Scorecard
Answer: A list of financial and operational measurements used to
evaluate organizational or supply chain performance
●● Participative Design/Engineering
Answer: The simultaneous participation of all the functional areas of the
firm in the product design activity
●● Manufacturing Process
Answer: The series of operations performed upon material to convert it
from the raw material or a semi-finished state to a state of further
completion
●● Manufacturing Philosophy
Answer: The set of guiding principles, driving forces, and ingrained
attitudes that helps communicate goals, plans, and policies to all
employees and that is reinforced through conscious and subconscious
behavior within the manufacturing organization
●● VATI Analysis
Answer: In the theory of constraints, a procedure for determining the
general flow of parts and products from raw materials to finished goods
●● Product Life Cycle
AND ACCURATE ANSWERS GRADED A+
●● Value Chain Analysis
Answer: An examination of all links a company uses to produce and
deliver its products and services, starting from the origination point and
continuing through delivery to the final customer.
●● Risk Management
Answer: The identification, assessment, and prioritization of risks
followed by coordinated and economical application of resources to
minimize, monitor, and control
●● Operations Management
Answer: The planning, scheduling, and control of the activities that
transform inputs into finished goods and services
●● Materials Management
Answer: The grouping of management functions supporting the
complete cycle of material flow
●● Manufacturing Planning and Control (MPC)
,Answer: High-level planning, master scheduling, material requirements
planning (MRP), and execution control along with the related check on
available capacity
●● Strategic Plan
Answer: The plan for how to marshal and determine actions to support
the mission, goals, and objectives of an organization
●● Business Plan
Answer: A statement of long-range strategy and revenue, cost, and profit
objectives usually accompanied by budgets, a projected balance sheet,
and a cash flow statement
●● What if Analysis
Answer: The process of evaluating alternate strategies by answering the
consequences of changes to forecasts, manufacturing plans, inventory
levels, and so forth
●● Tactical Plan
Answer: The set of functional plans (sales plan, production plan,
marketing plan) synchronizing activities across functions that specify
production levels, capacity levels, staffing levels, funding levels, for
achieving the intermediate goals and objectives to support the
organization's strategic plan
, ●● Balanced Scorecard
Answer: A list of financial and operational measurements used to
evaluate organizational or supply chain performance
●● Participative Design/Engineering
Answer: The simultaneous participation of all the functional areas of the
firm in the product design activity
●● Manufacturing Process
Answer: The series of operations performed upon material to convert it
from the raw material or a semi-finished state to a state of further
completion
●● Manufacturing Philosophy
Answer: The set of guiding principles, driving forces, and ingrained
attitudes that helps communicate goals, plans, and policies to all
employees and that is reinforced through conscious and subconscious
behavior within the manufacturing organization
●● VATI Analysis
Answer: In the theory of constraints, a procedure for determining the
general flow of parts and products from raw materials to finished goods
●● Product Life Cycle
