100% PASS QUIZ APICS - VALID CPIM-8.0 - CERTIFIED IN PLANNING AND INVENTORY MANAGEMENT (CPIM 8.0) LATEST EXAM CRAM

100% Pass Quiz APICS - Valid CPIM-8.0 - Certified in Planning and Inventory Management (CPIM 8.0) Latest Exam Cram

100% Pass Quiz APICS - Valid CPIM-8.0 - Certified in Planning and Inventory Management (CPIM 8.0) Latest Exam Cram

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APICS CPIM-8.0 Exam Syllabus Topics:

TopicDetails
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.
Topic 2
  • 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.
Topic 3
  • Demand: This section evaluates the abilities of Demand Analysts in managing demand through forecasting techniques. It explores sources of demand data for accurate forecasting and evaluating forecast performance to improve future predictions. One important skill evaluated is "forecasting demand accurately."
Topic 4
  • 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."

APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q73-Q78):

NEW QUESTION # 73
Management should support investments in new process technologies that:

  • A. require minimal changes in existing systems, procedures, and skills.
  • B. have been recommended by technical experts and equipment suppliers.
  • C. provide significant cost-reduction opportunities for the company's current products.
  • D. provide long-term competitive advantage with acceptable financial risk.

Answer: D

Explanation:
Management should support investments in new process technologies that align with the strategic objectives of the organization and provide a sustainable competitive advantage in the market. New process technologies may involve changes in existing systems, procedures, and skills, but these changes should be justified by the potential benefits and risks of the investment. Therefore, option D is correct. Option A is incorrect because requiring minimal changes in existing systems, procedures, and skills is not a sufficient criterion for investing in new process technologies. Option B is incorrect because relying on the recommendations of technical experts and equipment suppliers may not reflect the best interests of the organization or its customers. Option C is incorrect because providing significant cost-reduction opportunities for the company's current products may not be enough to justify the investment in new process technologies, especially if the products have a short life cycle or low demand. References: CPIM Part 2 Exam Content Manual, Version 8.0, Section H:
Quality, Continuous Improvement, and Technology, Subsection H.3: Technology, p. 85.


NEW QUESTION # 74
Check sheets can be used to:

  • A. allow improvement teams to see if action items are being completed on time.
  • B. provide an indication of correlation between defects.
  • C. provide a quick method to identify if possible defects exist.
  • D. determine the frequency of a defect and the time period between occurrences.

Answer: D

Explanation:
Check sheets are simple tools that allow data to be collected and recorded in an organized manner. Check sheets can be used to determine the frequency of a defect and the timeperiod between occurrences by counting and categorizing the number of defects that occur over a specified time interval. Check sheets can also help to identify the causes and patterns of defects, and to monitor the effectiveness of improvement actions. The other statements are not true about check sheets. Check sheets do not provide a quick method to identify if possible defects exist, as they require data collection and analysis. Check sheets do not allow improvement teams to see if action items are being completed on time, as they are not designed to track the progress of tasks. Check sheets do not provide an indication of correlation between defects, as they do not measure the relationship between variables. References: Check Sheet | APICS Dictionary Term of the Day, APICS CPIM 8 Planning and Inventory Management | ASCM


NEW QUESTION # 75
The production plan relates to a firm's financial planning because it is used to:

  • A. identify future cash needs.
  • B. determine variable costs.
  • C. project payroll costs.
  • D. calculate standard product costs.

Answer: A

Explanation:
The production plan relates to a firm's financial planning because it is used to identify future cash needs. The production plan is a plan that specifies the quantity and timing of production for each product or product family. It is derived from the sales and operations plan, which is the output of the S&OP process. The production plan affects the firm's financial planning because it determines the amount of cash that is needed to purchase materials, pay labor, and cover overhead costs. The production plan also affects the amount of cash that is generated from sales, as it influences the delivery time and customer service level. Therefore, the production plan helps to forecast the cash inflows and outflows, and to plan for the financing and investing activities of the firm. The other statements are not true about the production plan. The production plan does not calculate standard product costs, as standard product costs are predetermined costs that are based on the expected inputs and outputs of production. The production plan does not determine variable costs, as variable costs are costs that vary with the level of production. The production plan does not project payroll costs, as payroll costs are part of the labor budget, which is derived from the production budget. References: Production Plan | APICS Dictionary Term of the Day, APICS CPIM 8 Planning and Inventory Management | ASCM


NEW QUESTION # 76
A disadvantage of a capacity-lagging strategy may be:

  • A. risk of excess capacity if demand does not reach forecast.
  • B. planned capital investments occur earlier than needed.
  • C. lack of capacity to fully meet demand.
  • D. a high cost of inventories.

Answer: C

Explanation:
A capacity-lagging strategy is a conservative approach to capacity planning that involves adding capacity only when the firm is operating at full capacity because of an increase in demand1. This strategy can help minimize costs and reduce the risk of excess capacity, but it can also lead to a disadvantage of not being able to fully meet customer demand if it rises quickly2. This can result in lost customers, revenue, and market share, as well as lower customer satisfaction and loyalty3. References:
*Lag Capacity Strategy, Lag Demand Strategy - UniversalTeacher.com
*Capacity Planning Strategies: Types, Examples, Pros And Cons - Toggl
*3 types of capacity planning strategies (with examples) - Xola


NEW QUESTION # 77
Which of the following statements best characterizes enterprise resources planning (ERP) systems?

  • A. They are used for strategic reporting requirements.
  • B. They provide real-time planning and scheduling, decision support, available-to-promise (ATP), and capable-to-promise (CTP) capabilities.
  • C. They are expensive but easy to implement.
  • D. They track activity from customer order through payment.

Answer: B

Explanation:
Enterprise resource planning (ERP) systems are software platforms that help organizations manage and integrate the essential parts of their businesses, such as finance, supply chain, operations, human resources, and more. ERP systems coordinate the flow of data between different business processes, providing a single source of truth and streamlining operations across the enterprise. ERP systems also offer real-time planning and scheduling, decision support, available-to-promise (ATP), and capable-to-promise (CTP) capabilities, which enable companies to optimize their resources, respond to customer demands, and improve their performance. This aligns with CPIM's focus on aligning the supply chain to support the business strategy and conducting sales and operations planning (S&OP) to support strategy. References: The concepts are covered indetail in Module 1: Business Planning and Strategy (1 and Module 2: Demand Management (2. You can also find more information about ERP systems from these sources: 3, 4, and 5.


NEW QUESTION # 78
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