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latest update!!
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Terms in this set (656)
For the past six months, a To calculate the mean absolute deviation, first make
manufacturer has each deviation positive and sum these absolute
experienced deviations values: 15 + 6 + 12 + 8 + 18 + 4 = 63 units. Next divide by
from its forecasts. The the number of periods (six): 63/6 = 10.5.
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?
Which of these terms Sustainability refers to activities that provide present
refers to activities that benefit without compromising the needs of future
provide present benefit generations.
without compromising the
needs of future
generations?
The act of deciding whether to produce an item
make-or buy decision
internally or buy it from an outside supplier.
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The set of guiding principles, driving forces, and
ingrained attitudes that helps communicate goals,
manufacturing philosophy plans, and policies to all employees and that is
reinforced through conscious and subconscious
behavior within the manufacturing organization.
The series of operations performed upon material to
manufacturing process convert it from the raw material or a semi finished
state to a state of further completion.
Those competitive characteristics that a firm must
order qualifiers
exhibit to be a viable competitor in the marketplace.
Shipping manifest A document that lists the pieces in a shipment.
Advance ship notice An electronic data interchange (EDI) notification of
(ASN) shipment of product.
A tax levied by a government on the importation,
Duty
exportation, or use and consumption of goods.
An official schedule of taxes and fees imposed by a
Tariff
country on imports or exports.
A document containing a list of goods with shipping
Waybill
instructions related to a shipment.
A carrier's contract and receipt for goods the carrier
agrees to transport from one place to another and to
Bill of lading (uniform)
deliver to a designated person. In case of loss,
(B/L)
damage, or delay, It is the basis for filing freight
claims.
The "middle man" between the carrier and the
organization shipping the product. Often combines
Freight forwarder
smaller shipments to take advantage of lower bulk
costs.
A person who manages the paperwork required for
Customs broker international shipping and tracks and moves the
shipments through the proper channels.
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a complete supply chain dedicated to the reverse
reverse logistics flow of products and materials for the purpose of
returns, repair, remanufacture, and/or recycling.
1) An industrial process in which worn-out products
are restored to like-new condition. 2) The
remanufacturing
manufacturing environment where worn-out products
are restored to like-new condition.
the responsibility of the supplier to dispose of
green reverse logistics packaging materials or environmentally sensitive
materials such as heavy metals.
This specifies the product characteristics, which may
Product need to be designed for ease of shipping and
handling.
Price is the price of the product. Inventory carrying
costs are calculated partly based on price, with
higher-priced objects falling into the A or B
Price
categories of the ABC classification and getting more
management attention for security, materials handling,
and so on.
This is where the goods will be located for sale, or
market geography, the physical distribution channel(s)
that will be used to get them there, and the sales
channels customers can use to place orders (e.g.,
online or retail). The scope of distribution could be
Place local, regional, national, or global, which will require
more and more sophisticated management. Each
entity in the distribution channel(s) used expects to
make a profit and so adds to the total cost. The
benefit to customers needs to be high enough that
they are willing to pay extra for the services.
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includes advertising and sales force and reseller
incentives. Channel partners can therefore be
involved in promotion. Also, promotions can result in
Promotion increased sales volumes in various locations, and
physical distribution needs information on promotions
to plan for inventory to be in the right locations in the
right amounts.
decentralized inventory inventory decision making exercised at each stocking
control location for SKUs at that location
inventory decision making for all stock keeping units
centralized inventory
exercised from one office or department for an entire
control
company
The function of determining the need to replenish
inventory at branch warehouses. A time-phased order
point approach is used where the planned orders at
the branch warehouse level are "exploded" via MRP
logic to become gross requirements of the supplying
distribution requirements source. In the case of multilevel distribution networks,
planning (DRP) this explosion process can continue down through the
various levels of regional warehouses (master
warehouse, factory warehouse, etc.) and become
input to the master production schedule. Demand on
the supplying sources is recognized as dependent,
and standard MRP logic applies.
MRP-like time planning logic technique for
time-phased order point
independent demand items, where gross
(TPOP)
requirements come from a forecast, not via explosion.
Gross Requirements−Scheduled Receipts−Prior
Net Requirements
Projected Available
Net Requirements (with Gross Requirements−Scheduled Receipts−(prior
Safety Stock) Projected Available−Safety Stock)
the function of planning, scheduling, and controlling
transportation activities related to mode, vendor, and movement of
inventories into and out of an organization.
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CPIM EXAM Questions & Answers | 100% Verified
solutions |Questions with Correct Answers 2025
latest update!!
Save
Terms in this set (656)
For the past six months, a To calculate the mean absolute deviation, first make
manufacturer has each deviation positive and sum these absolute
experienced deviations values: 15 + 6 + 12 + 8 + 18 + 4 = 63 units. Next divide by
from its forecasts. The the number of periods (six): 63/6 = 10.5.
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?
Which of these terms Sustainability refers to activities that provide present
refers to activities that benefit without compromising the needs of future
provide present benefit generations.
without compromising the
needs of future
generations?
The act of deciding whether to produce an item
make-or buy decision
internally or buy it from an outside supplier.
https://quizlet.com/1077354122/cpim-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-flash-card… 1/138
,9/16/25, 5:01 PM CPIM EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flashcards | Qui…
The set of guiding principles, driving forces, and
ingrained attitudes that helps communicate goals,
manufacturing philosophy plans, and policies to all employees and that is
reinforced through conscious and subconscious
behavior within the manufacturing organization.
The series of operations performed upon material to
manufacturing process convert it from the raw material or a semi finished
state to a state of further completion.
Those competitive characteristics that a firm must
order qualifiers
exhibit to be a viable competitor in the marketplace.
Shipping manifest A document that lists the pieces in a shipment.
Advance ship notice An electronic data interchange (EDI) notification of
(ASN) shipment of product.
A tax levied by a government on the importation,
Duty
exportation, or use and consumption of goods.
An official schedule of taxes and fees imposed by a
Tariff
country on imports or exports.
A document containing a list of goods with shipping
Waybill
instructions related to a shipment.
A carrier's contract and receipt for goods the carrier
agrees to transport from one place to another and to
Bill of lading (uniform)
deliver to a designated person. In case of loss,
(B/L)
damage, or delay, It is the basis for filing freight
claims.
The "middle man" between the carrier and the
organization shipping the product. Often combines
Freight forwarder
smaller shipments to take advantage of lower bulk
costs.
A person who manages the paperwork required for
Customs broker international shipping and tracks and moves the
shipments through the proper channels.
https://quizlet.com/1077354122/cpim-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-flash-card… 2/138
,9/16/25, 5:01 PM CPIM EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flashcards | Qui…
a complete supply chain dedicated to the reverse
reverse logistics flow of products and materials for the purpose of
returns, repair, remanufacture, and/or recycling.
1) An industrial process in which worn-out products
are restored to like-new condition. 2) The
remanufacturing
manufacturing environment where worn-out products
are restored to like-new condition.
the responsibility of the supplier to dispose of
green reverse logistics packaging materials or environmentally sensitive
materials such as heavy metals.
This specifies the product characteristics, which may
Product need to be designed for ease of shipping and
handling.
Price is the price of the product. Inventory carrying
costs are calculated partly based on price, with
higher-priced objects falling into the A or B
Price
categories of the ABC classification and getting more
management attention for security, materials handling,
and so on.
This is where the goods will be located for sale, or
market geography, the physical distribution channel(s)
that will be used to get them there, and the sales
channels customers can use to place orders (e.g.,
online or retail). The scope of distribution could be
Place local, regional, national, or global, which will require
more and more sophisticated management. Each
entity in the distribution channel(s) used expects to
make a profit and so adds to the total cost. The
benefit to customers needs to be high enough that
they are willing to pay extra for the services.
https://quizlet.com/1077354122/cpim-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-flash-card… 3/138
, 9/16/25, 5:01 PM CPIM EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flashcards | Qui…
includes advertising and sales force and reseller
incentives. Channel partners can therefore be
involved in promotion. Also, promotions can result in
Promotion increased sales volumes in various locations, and
physical distribution needs information on promotions
to plan for inventory to be in the right locations in the
right amounts.
decentralized inventory inventory decision making exercised at each stocking
control location for SKUs at that location
inventory decision making for all stock keeping units
centralized inventory
exercised from one office or department for an entire
control
company
The function of determining the need to replenish
inventory at branch warehouses. A time-phased order
point approach is used where the planned orders at
the branch warehouse level are "exploded" via MRP
logic to become gross requirements of the supplying
distribution requirements source. In the case of multilevel distribution networks,
planning (DRP) this explosion process can continue down through the
various levels of regional warehouses (master
warehouse, factory warehouse, etc.) and become
input to the master production schedule. Demand on
the supplying sources is recognized as dependent,
and standard MRP logic applies.
MRP-like time planning logic technique for
time-phased order point
independent demand items, where gross
(TPOP)
requirements come from a forecast, not via explosion.
Gross Requirements−Scheduled Receipts−Prior
Net Requirements
Projected Available
Net Requirements (with Gross Requirements−Scheduled Receipts−(prior
Safety Stock) Projected Available−Safety Stock)
the function of planning, scheduling, and controlling
transportation activities related to mode, vendor, and movement of
inventories into and out of an organization.
https://quizlet.com/1077354122/cpim-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-flash-card… 4/138
