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| Section | Objectives |
|---|---|
| Topic 1: CPIM Part 1: Supply Chain Fundamentals | - Supply Chain Basics - Supply Management Fundamentals - Demand Management - Operations Planning |
| Topic 2: CPIM Part 2: Strategic Planning and Execution | - Master Planning of Resources - Continuous Improvement and Quality Management - Execution and Control of Operations - Strategic Management of Resources - Detailed Scheduling and Planning |
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NEW QUESTION # 458
Exhibit:
A company has prioritized customers A, B, and C, filling orders in that sequence. What are the impacts to customer service levels for customers B and C?
Answer: D
Explanation:
Customer service level is the percentage of customer orders that are fulfilled on time and in full1. A company that prioritizes customers A, B, and C, filling orders in that sequence, will have different impacts on the service levels for customers B and C, depending on the availability of stock and the order quantities. Based on the table in the exhibit, customer B will have a higher service level than customer C, because customer B will receive all the ordered units for item 468 and item 617, while customer C will only receive partial units for item 468 and none for item 617. Customer C will also receive none of the ordered units for item 643, while customer B will receive some of them. Therefore, customer B will have a higher percentage of orders fulfilled on time and in full than customer C. References: 1 Customer Service Level: Definition, Standards, Measuring
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NEW QUESTION # 459
Objective security metrics tend to be easier to gather, easier to interpret, and easier to include in reports to management.
What is the BEST objective metric for the effectiveness of a security awareness training?
Answer: A
NEW QUESTION # 460
Based on the above table, calculate the mean absolute deviation (MAD).
Answer: A
Explanation:
The mean absolute deviation (MAD) is a measure of variability that indicates the average distance between observations and their mean. MAD uses the original units of the data, which simplifies interpretation. Larger values signify that the data points spread out further from the average. Conversely, lower values correspond to data points bunching closer to it. The mean absolute deviation is also known as the mean deviation and average absolute deviation1.
The formula for the mean absolute deviation is the following:
MAD = (#|X - X#|) / N
Where:
*X = the value of a data point
*X# = the mean of the data points
*|X - X#| = the absolute deviation of a data point from the mean
*N = the number of data points
*# = the summation symbol
Based on the table, we can calculate the MAD as follows:
*X# = (80 + 50 + 50 + 75) / 4 = 63.75
*|X - X#| = |80 - 63.75|, |50 - 63.75|, |50 - 63.75|, |75 - 63.75| = 16.25, 13.75, 13.75, 11.25
*MAD = (16.25 + 13.75 + 13.75 + 11.25) / 4 = 6.25
Therefore, the correct answer is B.
References := 1 CPIM Part 2 Exam Content Manual, Domain 3: Plan and Manage Demand, Task 3.1:
Develop, validate, and review demand plans, p. 23.
NEW QUESTION # 461
Typically, rough-cut capacity planning (RCCP) in a job shop environment would review which of the following work centers to determine the ability to execute the plan?
Answer: A
Explanation:
Rough-cut capacity planning (RCCP) is a technique that evaluates the feasibility of a master production schedule (MPS) by comparing the available capacity of key resources with the required capacity of the MPS. In a job shop environment, where products are made to order and have high variety and low volume, RCCP would typically review only the critical work centers to determine the ability to execute the plan. Critical work centers are those that have the greatest impact on the throughput, lead time, or cost of the products. They are usually the work centers that have the highest utilization, longest setup times, or most frequent bottlenecks. By focusing on the critical work centers, RCCP can simplify the capacity planning process and identify the potential problems or constraints that may affect the MPS. The other options, gateway work centers, final assembly work centers, and all work centers, are not as effective as critical work centers for RCCP in a job shop environment, as they may not reflect the true capacity requirements or constraints of the products. Reference:
Rough Cut Capacity Planning (RCCP) - Definition, Example, and Benefits
Rough Cut Capacity Planning (RCCP) - Meaning, Objectives, and Advantages Rough Cut Capacity Planning (RCCP) - Overview, Steps, and Example
NEW QUESTION # 462
The question below is based on the following standard and actual data of a production order
Which of the following statements about variances is true?
Answer: D
Explanation:
The labor efficiency variance is the difference between the standard labor hours allowed for the actual output and the actual labor hours used, multiplied by the standard labor rate. In this case, the standard labor hours allowed for 100 pieces are 0.5 * 100 = 50 hours. The actual labor hours used are 48 hours. The standard labor rate is $10 per hour. Therefore, the labor efficiency variance = (50 - 48) * $10 = $20 favorable. This means that the actual labor hours used were less than the standard labor hours allowed, which indicates a higher labor efficiency12 References: 1: CPIM Part 2 - Section B - Module 2 - Session 2 - Variance Analysis 2: CPIM Part
2 - Section B - Module 2 - Session 3 - Variance Analysis Example
NEW QUESTION # 463
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