CPIM Post-Test
Buffer inventory should be held closer to the raw material stage. - answer Which of the
following statements is true of inventory when the final product design is continuously
influenced by the customer?
Product family - answer Sales and operations planning (S&OP) is typically performed at
which of the following levels?
Sales implies what is actually sold, and demand shows the need for the item. - answer
How does sales differ from demand?
The recorded COGS will be less than the current COGS, so COGS will be undervalued.
- answer Accountants use the first-in, first-out valuation method for determining the
value of inventory on the financial statements. In a period of rising costs, which will
occur in relation to the recorded versus actual cost of goods sold (COGS)?
Independent - answerWhat type of demand inventory ordering model includes fixed
reorder cycles, fixed reorder quantities, optional replenishment, and hybrid models?
Receipts from multiple suppliers are included in the inspection lot to speed up the
process. - answerWhich of the following invalidates acceptance sampling for purchased
items?
Reducing inventory to keep inventory carrying costs at a minimum - answerWhich of the
following objectives often conflicts with providing the best customer service?
Budget for additional time and reduced performance after implementation. -
answerLarge-scale productivity software often experiences implementation delays or
initially performs below expectations. What mitigation strategy could be used in this
situation?
ERP integrates additional business functions, including human resources, research and
development, logistics, and others. - answerWhat is the primary difference between
enterprise resources planning (ERP) and manufacturing resource planning (MRP II)?
determination of the materials needed to make the products in the master production
schedule. - answerObjectives of the detailed capacity requirements planning process
include all of the following except:
Scrap = I; product recalls and loss of customers = E; in-line inspections = A; machine
maintenance and operator training = P - answerWhich correctly identifies the following
, examples of costs as internal failure (I), external failure (E), appraisal costs (A), and
prevention costs (P)?
One is the plan, and one is the execution of the plan. - answerWhat is the best reason
for closing the loop between master scheduling and sales and operations planning
(S&OP)?
Interplant orders - answerIn addition to customer orders, the master production
schedule (MPS) might handle which of the following types of demand?
Cycle counts - answerAccurate inventory levels are most influenced by which of the
following?
Distributor provides all of the company's hardware and standard electrical components.
- answerWhich of the following is more characteristic of a general business contract
than a customer-supplier partnership?
Inventory and expediting - answerA properly implemented material requirements
planning (MRP) system should result in a reduction of which of the following?
Returning goods to the seller due to repair, remanufacture, or recycling activity -
answerWhich of the following activities represents reverse logistics?
the ordering and carrying costs are equal. - answerThe economic order quantity (EOQ)
for a manufactured part is the quantity at which:
Wall-to-wall inventory - answerA shipment of remote control components is delivered to
a factory and immediately taken to a workstation ready to begin assembly. What is the
name of this inventory management technique?
Delivery reliability - answerCompanies typically make final purchasing decisions based
on which of the following supplier characteristics?
Ensuring that the old product will still be available during a transition period - answerAn
organization has a product end-of-life plan that focuses on using up all of the raw
materials and components not used in the replacement product being planned. What
else needs to be a key part of this plan?
The technology conflicts with the company's capabilities and culture. - answerA
company is considering the adoption of a highly automated form of manufacturing
technology that will have a major impact on its production process. Which of the
following situations will most likely cause the longest delay in the implementation of this
new technology?
Buffer inventory should be held closer to the raw material stage. - answer Which of the
following statements is true of inventory when the final product design is continuously
influenced by the customer?
Product family - answer Sales and operations planning (S&OP) is typically performed at
which of the following levels?
Sales implies what is actually sold, and demand shows the need for the item. - answer
How does sales differ from demand?
The recorded COGS will be less than the current COGS, so COGS will be undervalued.
- answer Accountants use the first-in, first-out valuation method for determining the
value of inventory on the financial statements. In a period of rising costs, which will
occur in relation to the recorded versus actual cost of goods sold (COGS)?
Independent - answerWhat type of demand inventory ordering model includes fixed
reorder cycles, fixed reorder quantities, optional replenishment, and hybrid models?
Receipts from multiple suppliers are included in the inspection lot to speed up the
process. - answerWhich of the following invalidates acceptance sampling for purchased
items?
Reducing inventory to keep inventory carrying costs at a minimum - answerWhich of the
following objectives often conflicts with providing the best customer service?
Budget for additional time and reduced performance after implementation. -
answerLarge-scale productivity software often experiences implementation delays or
initially performs below expectations. What mitigation strategy could be used in this
situation?
ERP integrates additional business functions, including human resources, research and
development, logistics, and others. - answerWhat is the primary difference between
enterprise resources planning (ERP) and manufacturing resource planning (MRP II)?
determination of the materials needed to make the products in the master production
schedule. - answerObjectives of the detailed capacity requirements planning process
include all of the following except:
Scrap = I; product recalls and loss of customers = E; in-line inspections = A; machine
maintenance and operator training = P - answerWhich correctly identifies the following
, examples of costs as internal failure (I), external failure (E), appraisal costs (A), and
prevention costs (P)?
One is the plan, and one is the execution of the plan. - answerWhat is the best reason
for closing the loop between master scheduling and sales and operations planning
(S&OP)?
Interplant orders - answerIn addition to customer orders, the master production
schedule (MPS) might handle which of the following types of demand?
Cycle counts - answerAccurate inventory levels are most influenced by which of the
following?
Distributor provides all of the company's hardware and standard electrical components.
- answerWhich of the following is more characteristic of a general business contract
than a customer-supplier partnership?
Inventory and expediting - answerA properly implemented material requirements
planning (MRP) system should result in a reduction of which of the following?
Returning goods to the seller due to repair, remanufacture, or recycling activity -
answerWhich of the following activities represents reverse logistics?
the ordering and carrying costs are equal. - answerThe economic order quantity (EOQ)
for a manufactured part is the quantity at which:
Wall-to-wall inventory - answerA shipment of remote control components is delivered to
a factory and immediately taken to a workstation ready to begin assembly. What is the
name of this inventory management technique?
Delivery reliability - answerCompanies typically make final purchasing decisions based
on which of the following supplier characteristics?
Ensuring that the old product will still be available during a transition period - answerAn
organization has a product end-of-life plan that focuses on using up all of the raw
materials and components not used in the replacement product being planned. What
else needs to be a key part of this plan?
The technology conflicts with the company's capabilities and culture. - answerA
company is considering the adoption of a highly automated form of manufacturing
technology that will have a major impact on its production process. Which of the
following situations will most likely cause the longest delay in the implementation of this
new technology?
