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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q339-Q344):
NEW QUESTION # 339
Database security includes which of the following requirements?
- A. Physical database integrity, logical database integrity, and ownership integrity
- B. Availability, auditability, and screening
- C. User authentication, availability, and accountability
- D. Physical database integrity, logical database integrity, and element integrity
Answer: D
NEW QUESTION # 340
A company's primary performance objective Is flexibility. Which of the following measurements is most important?
- A. Schedule adherence
- B. Machine changeover time
- C. Labor productivity
- D. Cycle time
Answer: B
Explanation:
Flexibility is the ability of a process or system to adapt to changes in customer demand, product mix, or production volume. A flexible process can respond quickly and efficiently to these changes, minimizing disruptions and costs. One of the key measurements of flexibility is machine changeover time, which is the time required to switch a machine or equipment from producing one type of product to another. A shorter machine changeover time means a higher level of flexibility, as the process can accommodate different products or orders without wasting time or resources. This aligns with CPIM's focus on plan, manage, and execute detailed schedules and manage quality, continuous improvement, and technology. Reference: The concepts are covered in detail in Module 5: Detailed Scheduling and Planning (1 and Module 6: Quality, Continuous Improvement, and Technology (2. You can also find more information about flexibility and machine changeover time from these sources: 3, 4, and 5.
NEW QUESTION # 341
In preparing for a facility location decision, proximity to suppliers would be classified as which kind of criteria?
- A. Access to transportation
- B. Cost factors
- C. Future flexibility factors
- D. Service level requirements
Answer: B
Explanation:
Proximity to suppliers would be classified as a cost factor in preparing for a facility location decision. Cost factors are the expenses associated with operating a facility in a specific location, such as labor, materials, utilities, taxes, and transportation. Proximity to suppliers can affect the cost of inbound transportation, inventory holding, and quality control. Choosing a location that is close to suppliers can reduce these costs and improve the efficiency and reliability of the supply chain. References:
Managing Supply Chain Operations, Chapter 2: Global Supply Chain Strategy, Section 2.3: Facility Location CPIM Exam Content Manual, Module 1: Supply Chains and Strategy, Section 1.4: Facility Location, Subsection 1.4.1: Facility Location Concepts
NEW QUESTION # 342
An organization is preparing to deploy Multi-Factor Authentication (MFA) to its workforce. The primary concerns of the organization are cost and security. The organization realizes that their entire workforce has computers and smartphones. Which of the following is BEST suited to address the organization's concerns?
- A. Personal Identification Number (PIN) code
- B. Soft token
- C. Short Message Service (SMS)
- D. Hard token
Answer: B
NEW QUESTION # 343
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 planners to focus on critical products.
- D. it allows the firm to utilize time-phased order point (TPOP).
Answer: C
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 # 344
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