PIM Study guides, Class notes & Summaries

CPIM Practice Exam Questions & Answers 2024/2025 Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - ANSWERSLowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - ANSWERSSingle-Source Supplier Which originated with the department or person who will be the ultimate user - ANSWERSPurchase requisition Which of the f...

A company seeks to maximize the life span and utilization of all products delivered. From this perspective, which of the following would an elevator company do? A. Sell the elevators and provide free service. B. Sell the elevators at a breakeven or a loss and manage service as its key revenue generator. C. Sell the elevators and service contracts. D. Sell the elevators as a service, maintaining ownership itself. D. Sell the elevators as a service, maintaining ownership itself. The concept ...

APICS CPIM Exam 1 Questions & Answers 2024/2025 ABC classification - ANSWERSProcess of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low...

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APIC CPIM Practice Exam Part 1 Questions & Answers 2024/2025 The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - ANSWERScustomer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and admini...

APICS CPIM Part 1, Module 5 (All) PASSED!!

14 Points correct answers W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method correct answers A means of compactly describing a business process Abnormal Demand correct answers Demand in any period that is outside the limits established by management policy Absorption Costing correct answers An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit production. Acceptab...

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CPIM PART 2 PRACTICE EXAM QUESTIONS AND ANSWERS LATEST 2024. which of the following is the most appropriate first step in a significant organizational change? - establishing a sense of urgency that changes needed which of the following actions is most effective when load chronically exceeds average capacity - revising the master schedule continuous production processes would be most appropriate for which of the following - generation of electric power a plant refines a raw material until ...