APICS CPIM Part 2 Final Study Guide Questions with
Correct Answers .
Distribution requirements planning (DRP) provides transportation planners with:
Answers
locations for scheduling deliveries.
backhauling information. load
optimization information.
current and future shipping requirements. - Rationale
DRP can convert the schedule of planned orders into transportation data elements such
as weight, volume, and number of pallets.
current and future shipping requirements.
Which is a decision at the operations strategy level related to planning and controlling the
delivery of products and services?
Answers
Should the operation develop its products or services in house or outsource the design?
What should be the size of the workforce and how much subcontracting should be used?
How should operations adjust its activity levels in response to demand fluctuations?
What aggregate levels of inventory should be maintained? - Rationale
Operational strategies address detailed day-to-day planning. The adjustment of activity
levels is one example of an operational decision related to planning and controlling the
delivery of products and services. The other answer choices either relate to other areas of
the operational plan or are tactical (more long-term) decisions.
How should operations adjust its activity levels in response to demand fluctuations?
Which helps set boundaries around the type of work the company will pursue and
indicates what is out of scope?
Answers
Project scope statement
Vision
Core values
Mission - Rationale
,The APICS Dictionary, 16th edition, defines mission as "the overall goal(s) for an
organization set within the parameters of the business scope."
Mission
What can happen when management fails to articulate a concise operational strategy that
is
Answers aligned
Departmental "specialists" will tend to optimize their own areas of control without with
overall corporate strategy?
consideration for the rest of the organization.
Enterprise resources planning (ERP) system accuracy will continue to be reliable because
employee training is part of ERP system startup.
Company-wide solutions will become a viable substitute for the weak operational strategy.
IT security will likely fall victim to corporate espionage. - Rationale
In the absence of a more explicit operations strategy, specialists in areas such as
inventory control or process technology will tend to develop their own "systems" protecting
their own organizational positions.
Departmental "specialists" will tend to optimize their own areas of control without
consideration for the rest of the organization.
What is the primary purpose of a core values statement?
Answers
Emphasizes to shareholders the organization's commitment to ethical behavior
Enhances recruitment of the right kind of employees
Provides ethical and business guidepost to organization members
Satisfies the needs of legal and regulatory stakeholders - Rationale
While a core values statement can support recruitment, its primary function is for the
existing members of the organization. It helps guide future business and ethical decisions.
Provides ethical and business guidepost to organization members
Strategies that lack stability over time and employee acceptance are the result of an
organization not having which of the following?
,Answers
Mission and vision
Differentiation strategies
Dependability and flexibility
Big opportunities and eight accelerators - Rationale
A business's mission, vision, and core values create a foundation for the organization's
strategy by unifying leaders and employees behind a shared vision of the organization's
principles and future. Without this foundation, strategies can lack stability over time and
broad acceptance by executives, managers, and employees.
Mission and vision
Which quantitative forecasting technique applies past patterns of demand data covering
introduction, growth, maturity, saturation, and decline of similar products to a new product
family?
Answers
Concurrent forecasting
Seasonality
Life cycle analysis
Trend - Rationale
Life cycle analysis is a quantitative forecasting technique based on applying past patterns
of demand data covering introduction, growth, maturity, saturation, and decline of similar
products to a new product family.
Life cycle analysis
What is a strengths, weaknesses, opportunities, and threats (SWOT) analysis best used
for?
Answers
Helping formulate and update the company's mission and vision statements
Initiating discussions within the monthly sales and operations planning (S&OP) activity
Identifying whether the company is in a position to pursue attractive market opportunities
and defend against external threats
Convincing venture capitalists to invest in a new business proposal - Rationale
, In evaluating a company's overall situation, a key question is whether the company is in a
position to pursue attractive market opportunities and defend against external threats to
its future well-being.
Identifying whether the company is in a position to pursue attractive market opportunities
and defend against external threats
At a minimum, a company's key success factors should include which of the following?
Answers
Generous portions of narrative from the company's mission and vision statements
Company's targeted year-end stock price
Internal rate of return stated as a percent of earnings
Those attributes or strengths with the greatest impact on future success in the
marketplace - Rationale
Key success factors are the product attributes, organizational strengths, and
accomplishments that have the greatest impact on future success in the marketplace.
Those attributes or strengths with the greatest impact on future success in the
marketplace
Threats to a company's future well-being often take the form of:
Answers
a smear campaign orchestrated by a nefarious competitor.
a stock market adjustment. the entry of
lower-cost foreign competitors.
burdensome, oppressive regulations. - Rationale
Threats to a company's future well-being often stem from the emergence of cheaper or
better technology or the entry of lower-cost foreign competitors.
the entry of lower-cost foreign competitors.
According to the five forces model of competition, when does supplier rivalry weaken?
Answers
When buyer costs to switch brands are low
Correct Answers .
Distribution requirements planning (DRP) provides transportation planners with:
Answers
locations for scheduling deliveries.
backhauling information. load
optimization information.
current and future shipping requirements. - Rationale
DRP can convert the schedule of planned orders into transportation data elements such
as weight, volume, and number of pallets.
current and future shipping requirements.
Which is a decision at the operations strategy level related to planning and controlling the
delivery of products and services?
Answers
Should the operation develop its products or services in house or outsource the design?
What should be the size of the workforce and how much subcontracting should be used?
How should operations adjust its activity levels in response to demand fluctuations?
What aggregate levels of inventory should be maintained? - Rationale
Operational strategies address detailed day-to-day planning. The adjustment of activity
levels is one example of an operational decision related to planning and controlling the
delivery of products and services. The other answer choices either relate to other areas of
the operational plan or are tactical (more long-term) decisions.
How should operations adjust its activity levels in response to demand fluctuations?
Which helps set boundaries around the type of work the company will pursue and
indicates what is out of scope?
Answers
Project scope statement
Vision
Core values
Mission - Rationale
,The APICS Dictionary, 16th edition, defines mission as "the overall goal(s) for an
organization set within the parameters of the business scope."
Mission
What can happen when management fails to articulate a concise operational strategy that
is
Answers aligned
Departmental "specialists" will tend to optimize their own areas of control without with
overall corporate strategy?
consideration for the rest of the organization.
Enterprise resources planning (ERP) system accuracy will continue to be reliable because
employee training is part of ERP system startup.
Company-wide solutions will become a viable substitute for the weak operational strategy.
IT security will likely fall victim to corporate espionage. - Rationale
In the absence of a more explicit operations strategy, specialists in areas such as
inventory control or process technology will tend to develop their own "systems" protecting
their own organizational positions.
Departmental "specialists" will tend to optimize their own areas of control without
consideration for the rest of the organization.
What is the primary purpose of a core values statement?
Answers
Emphasizes to shareholders the organization's commitment to ethical behavior
Enhances recruitment of the right kind of employees
Provides ethical and business guidepost to organization members
Satisfies the needs of legal and regulatory stakeholders - Rationale
While a core values statement can support recruitment, its primary function is for the
existing members of the organization. It helps guide future business and ethical decisions.
Provides ethical and business guidepost to organization members
Strategies that lack stability over time and employee acceptance are the result of an
organization not having which of the following?
,Answers
Mission and vision
Differentiation strategies
Dependability and flexibility
Big opportunities and eight accelerators - Rationale
A business's mission, vision, and core values create a foundation for the organization's
strategy by unifying leaders and employees behind a shared vision of the organization's
principles and future. Without this foundation, strategies can lack stability over time and
broad acceptance by executives, managers, and employees.
Mission and vision
Which quantitative forecasting technique applies past patterns of demand data covering
introduction, growth, maturity, saturation, and decline of similar products to a new product
family?
Answers
Concurrent forecasting
Seasonality
Life cycle analysis
Trend - Rationale
Life cycle analysis is a quantitative forecasting technique based on applying past patterns
of demand data covering introduction, growth, maturity, saturation, and decline of similar
products to a new product family.
Life cycle analysis
What is a strengths, weaknesses, opportunities, and threats (SWOT) analysis best used
for?
Answers
Helping formulate and update the company's mission and vision statements
Initiating discussions within the monthly sales and operations planning (S&OP) activity
Identifying whether the company is in a position to pursue attractive market opportunities
and defend against external threats
Convincing venture capitalists to invest in a new business proposal - Rationale
, In evaluating a company's overall situation, a key question is whether the company is in a
position to pursue attractive market opportunities and defend against external threats to
its future well-being.
Identifying whether the company is in a position to pursue attractive market opportunities
and defend against external threats
At a minimum, a company's key success factors should include which of the following?
Answers
Generous portions of narrative from the company's mission and vision statements
Company's targeted year-end stock price
Internal rate of return stated as a percent of earnings
Those attributes or strengths with the greatest impact on future success in the
marketplace - Rationale
Key success factors are the product attributes, organizational strengths, and
accomplishments that have the greatest impact on future success in the marketplace.
Those attributes or strengths with the greatest impact on future success in the
marketplace
Threats to a company's future well-being often take the form of:
Answers
a smear campaign orchestrated by a nefarious competitor.
a stock market adjustment. the entry of
lower-cost foreign competitors.
burdensome, oppressive regulations. - Rationale
Threats to a company's future well-being often stem from the emergence of cheaper or
better technology or the entry of lower-cost foreign competitors.
the entry of lower-cost foreign competitors.
According to the five forces model of competition, when does supplier rivalry weaken?
Answers
When buyer costs to switch brands are low
