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| Topic | Details |
|---|
| Topic 1 | - 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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| Topic 2 | - 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 3 | - Sales and Operations Planning: This module assesses the skills of Operations Planners in terms of sales and operations planning processes. It includes understanding the purpose of S&OP, creating aggregate demand plans, and reconciling these plans to ensure alignment between sales forecasts and operational capabilities. A crucial skill measured is "reconciling supply-demand gaps."
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| Topic 4 | - Detailed Schedules: This section assesses the skills of Production Planners by focusing on detailed scheduling processes for production or service delivery environments. It includes methods like PAC (Programmable Automation Controller) scheduling techniques to manage detailed production timelines efficiently across different materials required for manufacturing or service delivery processes.
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| Topic 5 | - 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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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q223-Q228):
NEW QUESTION # 223
An organization wants to establish an information security program and has assigned a security analyst to put it in place. What is the NEXT step?
- A. Develop and implement an information security standards manual.
- B. security control review.
- C. Implement security access control software.
- D. Perform a risk assessment to establish baseline security.
Answer: D
NEW QUESTION # 224
How would a master production schedule (MPS) be used In an assemble-to-order (ATO) manufacturing environment?
- A. The MPS is used to plan subassemblies and components; end items are only scheduled when a customer order is received.
- B. Often In an ATO environment, the MPS is created once a year and only revised if a product is discontinued.
- C. Typically, the MPS is not used in companies using an ATO manufacturing strategy.
- D. Subassemblies are scheduled in the MPS when the customer order is received, and production can start.
Answer: A
Explanation:
In an assemble-to-order (ATO) manufacturing environment, the MPS is used to plan subassemblies and components that have long lead times or high demand variability. These subassemblies and components are produced and stocked in anticipation of customer orders. The end items are only scheduled in the MPS when a customer order is received, and they are assembled from the available subassemblies and components. This reduces the lead time and inventory for the end items, while increasing the flexibility and responsiveness to customer needs. ATO is a hybrid strategy between make-to-stock (MTS) and make-to-order (MTO).
References :=
CPIM Exam Content Manual, Module 4: Supply, Section 4.1: Master Production Schedule, p. 14 Manufacturing Planning and Control for Supply Chain Management, Chapter 8: Master Production Scheduling, Section 8.3: Master Production Scheduling in Different Environments, pp. 191-192
NEW QUESTION # 225
An advantage of applying ABC classification to a firm's replenishment items is that:
- A. it provides better order quantities than the economic order quantity (EOQ).
- B. it distinguishes independent demand from dependent demand.
- C. it allows the firm to utilize time-phased order point (TPOP).
- D. it allows planners to focus on critical products.
Answer: D
Explanation:
ABC classification is a method of inventory management that categorizes items based on their annual consumption value, which is the product of the annual demand and the unit cost. Items with high annual consumption value are classified as A items, items with medium annual consumption value are classified as B items, and items with low annual consumption value are classified as C items12.
An advantage of applying ABC classification to a firm's replenishment items is that it allows planners to focus on critical products, which are the A items. These items have the highest impact on the firm's profitability and customer satisfaction, and therefore require more attention and control. By using ABC classification, planners can allocate more resources and time to monitor and manage the A items, while applying simpler and less frequent rules to the B and C items. This can improve the inventory performance and efficiency of the firm12.
The other options are not correct because:
*A. it distinguishes independent demand from dependent demand. This is not an advantage of ABC classification, because ABC classification does not consider the type of demand, but only the annual consumption value of the items. Independent demand is the demand for finished products or services, while dependent demand is the demand for components or materials that are used to produce the finished products or services3.
*C. it provides better order quantities than the economic order quantity (EOQ). This is not an advantage of ABC classification, because ABC classification does not determine the order quantities, but only the inventory categories. EOQ is a formula that calculates the optimal order quantity that minimizes the total inventory costs, such as ordering costs and holding costs.
*D. it allows the firm to utilize time-phased order point (TPOP). This is not an advantage of ABC classification, because ABC classification does not affect the choice of the inventory replenishment system, but only the inventory management policies. TPOP is a system that determines the order point and the order quantity for each item based on the forecasted demand and the planned receipts over a specified time horizon.
References := 1 ABC Inventory Analysis & Management | NetSuite1 2 What Is ABC Inventory Classification? | Business.org2 3 Independent Demand vs Dependent Demand: What's the Difference?
Economic Order Quantity (EOQ) - Overview, Formula, and Example Time-Phased Order Point (TPOP) - an overview | ScienceDirect Topics
NEW QUESTION # 226
Which of the following is the BEST solution to implement to mitigate the risk of data breach in the event of a lost or stolen mobile device?
- A. Network Access Control (NAC)
- B. Bring Your Own Device (BYOD) policy
- C. Mobile Device Management (MDM)
- D. Mobile application management
Answer: C
NEW QUESTION # 227
Which of the following vulnerability types is also known as a serialization flaw and affects the integrity of two processes interacting with the same resource at the same time?
- A. Integer overflow
- B. Race condition
- C. Boundary condition
- D. Buffer overflow
Answer: B
NEW QUESTION # 228
......
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