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| Topic | Details |
|---|
| Topic 1 | - Supply: This module tests the competencies of Procurement Specialists in managing supply chains effectively. It involves creating master schedules for production planning, maintaining these schedules over time, material requirements planning (MRP), capacity requirements planning (CRP), supplier management practices, and purchasing strategies during product life cycle changes. A key skill measured here is "validating master schedules."
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| Topic 2 | - Quality, Technology, and Continuous Improvement: This section assesses skills of Quality Assurance Specialists, focusing on quality assurance methodologies enhanced by technology to drive continuous improvement efforts. A key skill measured here is "enhancing quality metrics."
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| Topic 3 | - Supply Chains and Strategy: This section of the exam measures the skills of Supply Chain Managers and covers various aspects related to supply chains, including their interaction with the environment and strategic objectives. It delves into developing organizational strategies, functional strategies, performance monitoring using KPIs, risk management, capital equipment management, and sustainability strategies. A key skill assessed here is "analyzing market trends."
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| Topic 4 | - Inventory: The inventory module evaluates the skills of Inventory Controllers, covering inventory planning principles such as determining optimal stock levels based on costs versus benefits analysis metrics like ABC classification systems used globally today along with itemized inventory control mechanisms ensuring efficient stock turnover rates while minimizing holding costs.| Distribution: This section measures the abilities of Logistics Coordinators, focusing on distribution network design principles that optimize replenishment orders efficiently while considering reverse logistics practices aimed at reducing waste through proper disposal methods according to environmental regulations.
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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q285-Q290):
NEW QUESTION # 285
A logistics manager Is faced with delivering an order via rail or truck. Shipping via rail costs S300 and takes 14 days. Shipping via truck costs $600 and takes 3 days. If the holding cost is $40 per day, what is the cost to deliver the order?
- A. $860for rail,$720 for truck
- B. $340for rail,$600 for truck
- C. $860for rail.$600 for truck
- D. $340for rail.$720 for truck
Answer: A
Explanation:
The cost to deliver the order consists of two components: the shipping cost and the holding cost. The shipping cost is the amount paid to the transportation mode for moving the order from the origin to the destination. The holding cost is the amount incurred for storing the order until it is delivered to the customer. The holding cost depends on the delivery time, which is the number of days it takes for the order to reach the customer. The longer the delivery time, the higher the holding cost. The shipping cost and the holding cost for each transportation mode are calculated as follows:
Shipping via rail:
Shipping cost = $300
Delivery time = 14 days
Holding cost = $40 x 14 = $560
Total cost = $300 + $560 = $860
Shipping via truck:
Shipping cost = $600
Delivery time = 3 days
Holding cost = $40 x 3 = $120
Total cost = $600 + $120 = $720
Therefore, the cost to deliver the order via rail is $860, and the cost to deliver the order via truck is $720. Reference: Transportation Costing | APICS Dictionary Term of the Day, APICS CPIM 8 Planning and Inventory Management | ASCM
NEW QUESTION # 286
The Chief Security Officer (CSO) of an organization would like to have a network security assessment done by the security team. Which of the following is the FIRST step in the security testing methodology?
- A. Reconnaissance
- B. Fingerprinting
- C. Exploitation
- D. Investigation
Answer: A
NEW QUESTION # 287
An information system security manager is tasked with properly applying risk management principle to their cloud information system as outlined by the National Institute of Standards and Technology (NIST).
Which of the following is the INITIAL step?
- A. Select
- B. Categorize
- C. Prepare
- D. Assess
Answer: C
NEW QUESTION # 288
One way to mitigate liability risk in the supply chain is to:
- A. push inventory to supplier locations.
- B. negotiate lower component cost.
- C. use less-than-truckload (LTL) shipments more frequently.
- D. require traceability for components.
Answer: D
Explanation:
One way to mitigate liability risk in the supply chain is to require traceability for components. Liability risk is the risk that a party may be held responsible for certain types of losses caused by its actions or products to third parties1. Traceability is the ability to track the origin, history, location, and movement of a product or a component through the supply chain2. Requiring traceability for components can help to mitigate liability risk in the supply chain by enabling the identification and verification of the quality, safety, and compliance of the components, as well as the detection and prevention of counterfeit, defective, or hazardous components. Traceability can also facilitate the recall, repair, or replacement of faulty components, and the allocation of responsibility and accountability among the supply chain partners in case of a liability claim34. Reference: 1 What is a Liability Risk? - Definition from Insuranceopedia 5 2 Traceability - Wikipedia 6 3 Supply Chain Liability in the Corporate Sustainability Due Diligence ... 7 4 CPIM Exam Reference - Association for Supply Chain Management 8
NEW QUESTION # 289
What BEST describes the end goal of a Disaster Recovery (DR) program?
- A. Review the status of mission-critical applications.
- B. Restore normal business operations.
- C. Continue business operations during a contingency.
- D. Prevent business interruption.
Answer: B
NEW QUESTION # 290
......
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