CPIM Part 1 Practice exam questions with correct answers

CPIM Part 1 Practice exam questions with correct answers Which of the following tools is considered an important quality management tool? ANS-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: ANS-Cumulative lead time; cumulative lead time for an items consists of the longest lead time path for a given bill of material. Delivery and demand lead times are subsets of cumulative lead time. What is the primary difference between enterprise resources planning (ERP) and manufacturing resource planning (MRP II)? ANS-ERP provides more than just manufacturing information; it integrates business functions like human resources, research and development, and logistics. MRP II and ERP are both computer-based, and both provide a balance between production, marketing, and information technology. Which of the following manufacturing strategies has the longest customer lead time? ANS-Make-to-order; make-to-order manufacturing begins when a customer order is received. The product must then be manufactured, assembled and shipped. Which of the following describes the UN Global Compact Management Model? ANS-Framework for guiding companies through the process of formally committing to, assessing, defining, implementing, measuring, ad communicating the UN Global Compact and its principles. The UN Global Compact Management Model is a practical yet comprehensive tool to help companies evolve their sustainability efforts. Which of the following is true of preparing a forecast based on historical data? ANS-The data needs to be in the same terms as needed for the forecasts. It is important that historical data match what is being forecasted. If the purpose is to forecast demand on production, data based on demand - not, for example, shipments - is needed. Which of these terms refers to activities that provide present benefit without compromising the needs of future generations? ANS-Sustainability; sustainability refers to activities that provide present benefit without compromising the needs of future generations. Given the following, what is the work center backlog? Avg Input: 100 units/week. Avg Output: 100 units/week. Current work in progress: 160 units ANS-1.6 weeks; To calculate the load that is backlog at a work center, divide the current number of units (or hours) currently at the work center by the average output, or 160 units/100 units of output per week = 1.6 weeks of load Sales & Operations planning (S&OP) is typically performed at which of the following levels? ANS-Product family; S&OP is typically performed at the product family level. End items are typically planned at the master schedule level, while raw material and semi-finished goods are typically planned at the MRP level. Which of the following is a voluntary initiative whereby companies embrace, support, and enact, within their sphere of influence, a set of core values in the areas of human rights, labor standards, the environment, and anti-corruption? ANS-United Nations Global Compact; the UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, the environment, and anti-corruption. Engineering seeks to have complex designs that are difficult to modify. This approach to manufacturing conflicts with which of the following concepts? ANS-Product flexibility; product flexibility is the ease with which current designs can be modified in response to changing market demands. It conflicts with rigid, complex designs. Companies typically make final purchasing decisions based on which of the following supplier characteristics? ANS-Delivery reliability; besides perfect quality, a key final purchasing decision point is delivery reliability. Ensuring that purchase deliveries arrive on time is an essential feature of supplier partnerships. Which of the following objectives often conflicts with providing the best customer service? ANS-Reducing inventory to keep inventory carrying costs at a minimum. Production's objective of keeping inventory investment to a minimum is in conflict with marketing's objective of always having goods available for the customer.