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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 |
| Exam Format: | Multiple-choice questions |
| Exam Price: | USD 495 (ASCM member) / USD 695 (non-member) |
| Available Languages: | English |
| Certificate Validity Period: | 5 years |
| Related Certifications: | Certified in Planning and Inventory Management (CPIM) |
| Exam Duration: | 210 minutes |
| Real Exam Qty: | 150 (120 scored + 30 pretest) |
| 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 # 151
A company confirms a customer order based on available capacity and inventory, even though the current production plan does not cover the entire order quantity. This situation is an example of what type of order fulfillment policy?
Answer: B
Explanation:
Capable-to-promise (CTP) is a type of order fulfillment policy that confirms a customer order based on the available capacity and inventory, as well as the current production plan and schedule. CTP calculates the earliest possible delivery date for a customer order, considering the existing demand and supply situation.
CTP allows a company to accept an order that exceeds the current available inventory, as long as it can produce the remaining quantity within the customer's requested delivery time. CTP helps to improve customer service, reduce inventory costs, and increase production efficiency12. References: 1 Capable to Promise (CTP) - Definition, Calculation, and Examples 3 2 CPIM Exam References - Association for Supply Chain Management
NEW QUESTION # 152
What is the MAIN benefit of network segmentation?
Answer: B
NEW QUESTION # 153
For a company that uses first in, first out (FIFO) inventory accounting, the actual use in production of a recently arrived shipment of more expensive components rather than lower-cost components previously received will have which of the following results?
Answer: A
Explanation:
FIFO inventory accounting assumes that the first items purchased or produced are the first ones sold or used. Therefore, the cost of goods sold reflects the oldest costs of inventory. If a company uses a more expensive shipment of components instead of the lower-cost ones that were previously received, it will increase the cost of goods sold and reduce the gross profit margin. This is because the newer components have a higher unit cost than the older ones, and the cost of goods sold is calculated by multiplying the unit cost by the number of units sold or used. Reference:
* CPIM Part 1 Exam Content Manual, page 17, section 3.2.1: "Explain the impact of inventory valuation methods (for example, first in, first out [FIFO], last in, first out [LIFO], average cost, standard cost) on financial statements and taxes."
* CPIM Part 1 Study Guide, page 63, section 3.2.1: "The FIFO method assumes that the first goods purchased or produced are the first goods sold. The cost of goods sold is based on the oldest costs, and the ending inventory is based on the most recent costs. The FIFO method results in a higher net income and a higher ending inventory value in a period of rising prices."
NEW QUESTION # 154
How much data an organization can afford to lose is determined by the:
Answer: C
NEW QUESTION # 155
Which of the following factors typically would distort a sales forecast that is based solely on shipment history?
Answer: C
Explanation:
A sales forecast that is based solely on shipment history assumes that the past demand patterns will continue in the future. However, this assumption may not be valid if there are factors that affect the customer demand that are not captured by the shipment history. For example, customer demands may change due to seasonality, promotions, new product introductions, competitor actions, economic conditions, or other external influences. These factors may distort the sales forecast that is based solely on shipment history and cause it to be inaccurate or unreliable. The other options are not factors that typically distort a sales forecast that is based solely on shipment history, as they do not directly affect the customer demand. Material shortages, labor rate changes, and currency exchange rates may affect the supply side of the business, but they do not necessarily reflect the customer preferences or needs. Reference:
CPIM Part 2 Exam Content Manual, p. 29
Sales Forecast: Complete Guide to Sales Forecasting in [2023]
The Complete Guide to Building a Sales Forecast | Salesforce
NEW QUESTION # 156
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