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| Certification Vendor: | ASCM (Association for Supply Chain Management) |
|---|---|
| Exam Name: | Certified in Planning and Inventory Management (CPIM 8.0) |
| Exam Number: | CPIM-8.0 |
| Real Exam Qty: | 150 (120 scored + 30 pretest) |
| Related Certifications: | Certified in Planning and Inventory Management (CPIM) |
| Certificate Validity Period: | 5 years |
| Exam Price: | USD 495 (ASCM member) / USD 695 (non-member) |
| Exam Format: | Multiple-choice questions |
| Available Languages: | English |
| Exam Duration: | 210 minutes |
| Passing Score: | 300 (on a scale of 200–350) |
| Sample Questions: | APICS CPIM-8.0 Sample Questions |
| Exam Way: | Computer-based testing at Pearson VUE testing centers worldwide or online proctored exam. |
| Pre Condition: | No prerequisites required. Open to all candidates interested in supply chain planning and inventory management. |
| Official Syllabus URL: | https://www.ascm.org/learning-development/certifications-credentials/cpim/ |
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NEW QUESTION # 71
After reviewing the output of a threat modelling workshop, the development manager decides not to implement the application features where issues were identified. What is the BEST description of how the threats from the workshop are being addressed?
Answer: B
NEW QUESTION # 72
Which of the following planning modules considers the shortest-range planning goals?
Answer: B
Explanation:
Capacity requirements planning (CRP) is a planning module that considers the shortest-range planning goals. CRP is a process of determining the amount of available capacity and comparing it with the required capacity to execute the planned orders in the master production schedule (MPS) and the material requirements planning (MRP). CRP is usually done at the work center level and for a time horizon of a few weeks or months. CRP helps to identify and resolve capacity issues, such as overloads or underloads, and to adjust the production plan accordingly. CRP is the most detailed and accurate method of capacity planning, as it considers the actual routings, lead times, and lot sizes of the orders. The other options are not correct, as they either consider longer-range planning goals or less detailed capacity information:
* Input/output analysis is a technique of monitoring the input (planned orders) and output (actual production) of a work center or a product family, and comparing them with the available capacity. Input/output analysis is usually done at the aggregate level and for a time horizon of a few months or quarters. Input/output analysis helps to measure the performance of the production plan and to identify and correct deviations from the plan.
* Resource planning is a process of determining the long-range capacity requirements for labor, equipment, facilities, and other resources, based on the sales and operations plan (S&OP). Resource planning is usually done at the aggregate level and for a time horizon of a few years. Resource planning helps to support the strategic decisions and investments related to the resource capacity.
* Rough-cut capacity planning (RCCP) is a process of verifying the feasibility of the master production schedule (MPS) in terms of the available capacity of critical resources, such as key machines or labor skills. RCCP is usually done at the product family level and for a time horizon of a few months or quarters. RCCP helps to validate the MPS and to identify and resolve potential capacity bottlenecks or gaps. Reference:
* [CPIM Part 2 - Section A - Topic 2 - Capacity Planning]
* Capacity Requirements Planning (CRP)
* Input/Output Control
* Resource Planning
* Rough Cut Capacity Planning (RCCP)
NEW QUESTION # 73
Forecast error typically triggers forecast revision when it is:
Answer: B
Explanation:
Forecast error is the difference between the actual demand and the forecasted demand for a given period. Forecast error can be caused by various factors, such as changes in customer preferences, market conditions, competitor actions, or random variation. Forecast error can be measured using different methods, such as mean absolute deviation (MAD), mean absolute percentage error (MAPE), or tracking signal. Forecast error typically triggers forecast revision when it is continually increasing, which indicates that the forecast model is not capturing the underlying demand pattern or trend. A continually increasing forecast error can lead to poor customer service, excess or obsolete inventory, or lost sales opportunities. Therefore, it is important to monitor the forecast error and revise the forecast when necessary to improve the forecast accuracy and reliability. Forecast error does not trigger forecast revision when it is used in computing the tracking signal, associated with the introduction stage of the product life cycle, or caused by random variation. These are not valid reasons for revising the forecast, as they do not indicate a systematic or persistent deviation from the actual demand. Reference:
CPIM Part 1 Study Guide, Chapter 4: Demand Management, Section 4.2: Forecasting Techniques and Performance Measurement CPIM Part 2 Study Guide, Chapter 3: Demand Management, Section 3.1: Demand Planning A Critical Look at Measuring and Calculating Forecast Bias, Section: What Is Forecast Bias?
How Can Forecast Error be Calculated?, Section: Introduction
NEW QUESTION # 74
Which of the below represents the GREATEST cloud-specific policy and organizational risk?
Answer: C
NEW QUESTION # 75
The most effective way to manage demand uncertainty and improve customer service is to reduce:
Answer: A
Explanation:
The correct answer is B. Lead times .
Demand uncertainty becomes more difficult to manage when lead times are long or variable. Reducing lead time improves responsiveness, reduces exposure to forecast error, and helps improve customer service.
Reducing safety stock may actually reduce customer service unless uncertainty has first been reduced.
Exact extract: "Control of independent demand items becomes harder if there is any marked change in either lead time or demand. If lead time increases or becomes more critical for distribution or if demand increases suddenly stock-outs may occur with serious consequences." The same material states that safety stock is used to protect customer service when uncertainty remains. Exact extract: "Safety stock strategy for finished goods depends on at least four major factors: * The customer service level offered. * The predictability of demand. * The cost of carrying additional stock. * The cost of failure to supply." Therefore, reducing lead times is the most effective way to manage demand uncertainty and improve customer service.
NEW QUESTION # 76
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