CPIM - Certified in Production & Inventory Management || A+ GRADED

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. correct answers customer service.: Customer service is the ability of a company to address the needs of an...

ABC classification correct answers 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;...

strategic plan correct answers examines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan correct answers a statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected bal...

14 Points correct answers W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method correct answers A means of compactly describing a business process Abnormal Demand correct answers Demand in any period that is outside the limits establis...

t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data correct answers false 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 compone...

Which of the following tools is considered an important quality management tool? correct answers 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 defi...

Supply Chain Management correct answers 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 glo...

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

4 Ps correct answers `Product, Price, Promotion, Place Competitive Priorities/Performance Objectives correct answers Cost, Quality, Time, Flexibility Which trends are easiest to forcasat correct answers Stable demand Master Scheduling forcast/horizon correct answers Physical units at end it...

Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? correct answers Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? correc...

Random-Location Storage correct answers A storage technique in which parts are placed in any space that is empty when they arrive at the storeroom. Although this random method requires the use of a locator file to identify part locations, it often requires less storage space than a fixed-location st...

For the past six months, a manufacturer has experienced deviations from its forecasts. The monthly forecast deviations for the past six months are as follows: 15, -6, 12, 8, -18, and -4 units. What is the mean absolute deviation for these months? correct answers To calculate the mean absolute deviat...

Line Haul Cost correct answers The 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 correct answers The cost of handling a shipment several times. When full loads are shipped there is no extr...