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Technologies are changing at a very rapid pace. Therefore, the Certified in Planning and Inventory Management (CPIM 8.0) in Procurement and Supply APICS has become very significant to validate expertise and level up career. Success in the Certified in Planning and Inventory Management (CPIM 8.0) examination helps you meet the ever-changing dynamics of the tech industry. To advance your career, you must register for the Certified in Planning and Inventory Management (CPIM 8.0) CPIM-8.0 in Procurement and Supply APICS test and put all your efforts to crack the APICS CPIM-8.0 challenging examination.
| Certification Vendor: | ASCM (Association for Supply Chain Management) |
|---|---|
| Exam Name: | Certified in Planning and Inventory Management (CPIM 8.0) |
| Exam Number: | CPIM-8.0 |
| Certificate Validity Period: | 5 years |
| Passing Score: | 300 (on a scale of 200–350) |
| Real Exam Qty: | 150 (120 scored + 30 pretest) |
| Available Languages: | English |
| Exam Format: | Multiple-choice questions |
| Exam Price: | USD 495 (ASCM member) / USD 695 (non-member) |
| Exam Duration: | 210 minutes |
| Related Certifications: | Certified in Planning and Inventory Management (CPIM) |
| 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 # 168
The production plan defines which of the following targets?
Answer: C
Explanation:
The production plan is a high-level plan that defines the level of output to be produced for each product family or group in a given time period. It is based on the sales forecast, the aggregate production capacity, and the desired inventory levels. The production plan does not specify the quantities of each individual product to be produced, as this is done in the master production schedule. The production plan also does not include the sales forecast or the business plans for the company, as these are inputs to the production plan, not outputs12 References:
Introduction to Materials Management, 8th ed., 2017, Chapman, Stephen N., J. R. Tony Arnold, Ann K.
Gatewood, and Lloyd M. Clive, ISBN: 978-0134156323, Chapter 11: Production Planning System Manufacturing Planning and Control for Supply Chain Management, The CPIM Reference, 2nd ed.,
2018, Jacobs, F. Robert, William L. Berry, D. Clay Whybark, and Thomas E. Vollmann, ISBN:
978-1260108385, Chapter 6: Production Planning Strategies
NEW QUESTION # 169
A security consultant is recommending the implementation of a security-focused Configuration Management (CM) process in an organization. What would be the BEST benefit the security consultant would include in the recommendation?
Answer: D
NEW QUESTION # 170
Which of the following is MOST important for an international retail company to consider when handling and retaining information about its customers?
Answer: A
NEW QUESTION # 171
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: B
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 # 172
The trade-off of increasing safety stock to improve customer fill rate would be a decrease in:
Answer: A
Explanation:
Increasing safety stock to improve customer fill rate would result in a decrease in inventory turns. Inventory turns, or inventory turnover, is a metric measuring how fast the inventory is replaced over time. It is calculated as the cost of goods sold divided by the average value of inventory during the period covered1. A higher inventory turnover ratio indicates that the company sells its inventoryquickly and efficiently, while a lower ratio implies that the company holds too much inventory or has difficulty selling it. Safety stock is an extra quantity of a product stored in the warehouse to prevent an out-of-stock situation. It serves as insurance against fluctuations in demand, longer lead times, and price fluctuations2. Increasing safety stock means increasing the average value of inventory, which lowers the inventory turnover ratio. This also increases the inventory carrying costs, such as storage, insurance, taxes, and obsolescence. Therefore, there is a trade-off between increasing safety stock to improve customer fill rate and decreasing inventory turns to reduce inventory costs3. References: 1 Inventory Turnover Ratio: What It Is, How It Works, and Formula 4 2 What is safety stock? | Definition, Importance, Formula - Zoho 5 3 CPIM Exam References - Association for Supply Chain Management 6
NEW QUESTION # 173
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