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APICS Unparalleled Latest CPIM-8.0 Exam Simulator Pass Guaranteed Quiz
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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q33-Q38):
NEW QUESTION # 33
Which of the following methods places a replenishment order when the quantity on hand falls below a predetermined level?
- A. Periodic review
- B. Min-max system
- C. Fixed order quantity
- D. Available-to-promlse (ATP)
Answer: C
Explanation:
Fixed order quantity is a method that places a replenishment order when the quantity on hand falls below a predetermined level, called the reorder point. The reorder point is calculated based on the expected demand during the lead time and the safety stock. The order quantity is fixed and constant, and it is determined by the economic order quantity (EOQ)formula or other criteria. Fixed order quantity is also known as the order point/order quantity (OP/OQ) system or the continuous review system.
Option A is not correct, because min-max system is a method that places a replenishment order when the quantity on hand falls below a minimum level, called the order point. The order quantity is variable and depends on the difference between the maximum level and the current inventory level. Min-max system is also known as the two-bin system or the bin system.
Option C is not correct, because periodic review is a method that places a replenishment order at fixed intervals of time, regardless of the quantity on hand. The order quantity is variable and depends on the difference between the target inventory level and the current inventory level. Periodic review is also known as the fixed order interval (FOI) system or the periodic order quantity (POQ) system.
Option D is not correct, because available-to-promise (ATP) is not a method of inventory replenishment, but a calculation of the uncommitted portion of the current inventory and planned production. ATP is used to promise delivery dates to customers based on the availability of inventory and production capacity.
References:
Inventory Management and Control
Inventory Replenishment Methods
Inventory Replenishment Policies
NEW QUESTION # 34
Which of the following trade-offs should be evaluated when determining where to place inventory in a multi-echelon supply chain network?
- A. Customer price and order quantity
- B. Purchase cost and shrinkage rates
- C. Production cost and lot size quantity
- D. Transportation cost and delivery time
Answer: D
Explanation:
Transportation cost and delivery time are two of the trade-offs that should be evaluated when determining where to place inventory in a multi-echelon supply chain network. A multi-echelon supply chain network consists of multiple levels of distribution, such as factories, warehouses, distribution centers, and retailers.
Placing inventory closer to the customers can reduce the delivery time and improve the service level, but it can also increase the transportation cost and the inventory holding cost. Placing inventory farther from the customers can reduce the transportation cost and the inventory holding cost, but it can also increase the delivery time and the risk of stockouts. Therefore, the optimal inventory placement depends on balancing these trade-offs and finding the lowest total cost for the desired service level. The other trade-offs are not directly related to inventory placement in a multi-echelon supply chain network. Production cost and lot size quantity are more related to inventory replenishment policies and economies of scale. Purchase cost and shrinkage rates are more related to inventory sourcing and quality control. Customer price and order quantity are more related to demand management and pricing strategies. References: Network Design and Safety Stock Placement for a Multi-Echelon Supply Chain, APICS CPIM 8 Planning and Inventory Management | ASCM
NEW QUESTION # 35
Objective security metrics tend to be easier to gather, easier to interpret, and easier to include in reports to management.
What is the BEST objective metric for the effectiveness of a security awareness training?
- A. The off-hand comments about the training
- B. A change of helpdesk calls after the training
- C. The management's attitude toward the training
- D. The number of times users comply with the training
Answer: B
NEW QUESTION # 36
An organization is planning to streamline its Identity and Access Management (IAM) processes and platform.
The executive team mandated a compact platform to efficiently manage identities for internal and third-party services access. What is the BEST platform choice?
- A. Identity as a Service (IDaaS)
- B. On-premise IAM
- C. Cloud Single Sign-On (SSO)
- D. Cloud IAM
Answer: A
NEW QUESTION # 37
A bank recently informed a customer that their account has been overdrawn after their latest transaction. This transaction was not authorized by the customer. Upon further investigation, it was determined by the security team that a hacker was able to manipulate the customer's pre-authenticated session and force a wire transfer of funds to a foreign bank account. Which type of attack MOST likely occurred?
- A. Cross-Site Scripting (XSS)
- B. Session hijacking
- C. On-path attack
- D. Cross-Site Request Forgery (CSRF)
Answer: D
NEW QUESTION # 38
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