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CPIM-MPR - Certified in Production and Inventory Management - Master Planning of Resources - Dump Information

Vendor : APICS
Exam Code : CPIM-MPR
Exam Name : Certified in Production and Inventory Management - Master Planning of Resources
Questions and Answers : 105 Q & A
Updated On : Click to Check Update
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CPIM-MPR Questions and Answers

CPIM-MPR

QUESTION: 96

When quantitative data are being evaluated, a very small bias in a forecast can best be explained by which of the following statements?


  1. Positive forecast errors approximately offset negative forecast errors.

  2. The absolute values of all forecast errors were approximately equal.

  3. The variability of forecast data was skewed.

  4. A very small alpha factor was used.


Answer: A


QUESTION: 97

Which of the following actions would most likely lead to an achievable master production schedule?


  1. Minimizing changes in periods before the demand time fence

  2. Keeping safety stock for key subassemblies

  3. Limiting changes in periods after the planning time fence

  4. Committing to customer requested shipment dates


Answer: A


QUESTION: 98

Which of the following considerations is most important when selecting forecasting software?


  1. Cost of data storage

  2. Ability to forecast over multiple planning horizons

  3. Ability to forecast capacity requirements

  4. Computational speed


Answer: B


QUESTION: 99

Identification of performance problems in providing a high line-item service ratio provides an opportunity to:

  1. address imbalances in the customer order mix.

  2. improve order-promising information.

  3. redesign sales and marketing incentives.

  4. reduce customer-demanded delivery time.


Answer: B


QUESTION: 100

In an assemble-to-order environment, which of the following indicators is most appropriate for measuring the effectiveness of the master scheduling process?


  1. Customer order fill rate

  2. Number of stock outs

  3. Capacity utilization

  4. Aggregate inventory


Answer: A


QUESTION: 101

Which of the following issues is most likely to lead to the use of a short-term, rather than long-term, forecasting process?


  1. How to respond to a competitor's test marketing of a new product

  2. How to configure the supply chain to support a new market segment

  3. Whether to outsource a capital-intensive subassembly process

  4. Whether to take a price-leadership or a product-differentiation posture


Answer: A


QUESTION: 102

Distribution requirements planning would most directly interface with:


  1. capacity requirements planning.

  2. master planning.

  3. material requirements planning.

  4. warehouse facility planning.

Answer: B


QUESTION: 103

Which of the following functional objectives of a distribution system is most consistent with lower inventories?


  1. Low warehousing costs

  2. Low transportation costs

  3. Fast deliveries

  4. High customer service


Answer: A


QUESTION: 104

Using a trial and error approach is most effective in which of the following production planning strategies?


  1. Level

  2. Constant

  3. Chase

  4. Mixed


Answer: D


QUESTION: 105

An effective implementation of the sales and operations planning (S&OP) processes would typically result in the firm's ability to:


  1. increase its market share.

  2. position products in the marketplace.

  3. reduce budget variances.

  4. respond to new opportunities.


Answer: D


APICS CPIM-MPR Exam (Certified in Production and Inventory Management - Master Planning of Resources) Detailed Information

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Certified in Production and Inventory Management - Master Planning of Resources exam The 5 most desirable supply Chain management Certifications | CPIM-MPR Real Questions and VCE Practice Test IT specialists trying to find a great container to conquer should accept as true with the give chain, which drives the retail and manufacturing industries globally. consultants suggest one or extra of those 5 certifications as a surefire ticket to give chain administration success. For those looking for loads of opportunity and action, supply chain administration is a fantastic focal point for an IT profession. Gartner estimates that the full give chain administration market for application topped $13 billion in 2017, up eleven p.c from 2016. This contains an abundance of utility applications designed for the deliver chain, the net of companies and suppliers who design, build, ship, and deliver component ingredients and entire items of every kind. IT authorities can locate jobs in managing techniques and monitoring endeavor, first-rate, and schedules across the entire give chain. Plus, there's lots more work to be found constructing and keeping techniques to manage that give chain, from uncooked materials all the method to put up-birth client support and repair. In common, supply chain administration (always abbreviated as SCM) breaks down into a number of separate but interlocking disciplines, together with: Planning and procurement Logistics analytics Manufacturing Visualization and reporting earnings and operations all over the whole SCM lifecycle, analytics (massive data) performs an important role. Such analytics aid more suitable strategic decision-making, support agencies enrich their market positions, and offer optimized returns on investment that regularly cause accelerated boom and better profits. as a result of there is large funds within the deliver chain, there may be also lots of opportunity, peculiarly for those who possess the technical advantage to extract analytical insights from the wealth of information concerned. When evaluating prospective SCM IT candidates, employers increasingly appear to certification as a measure of hobby and excellence as well as a commitment to formal approaches and pleasant controls. in this article, we dig into five SCM-connected certifications we believe to be leaders in this field these days. they're: certified in production and inventory administration (CPIM) certified supply Chain administration knowledgeable (CSCP) licensed skilled in supply administration (CPSM) ASQ certified Six Sigma Black Belt (CSSBB) Oracle E-company Suite give Chain licensed Implementation professional These credentials are intermediate to senior degree when it comes to their depth and breadth of insurance, and in their assumed ranges of skills, expertise, and journey for qualified candidates. on the end of this article, we offer extra certification options. it is because the SCM field is gigantic and transforming into, with a large number of different alternate options that interested IT pros can make a choice from. supply chain management jobs cowl loads of territory, and they consist of such titles as SC analyst, SC developer, SC administrator, SC architect, and extra. standard salaries for SCM specialists fluctuate greatly by area and specialty. That spoke of, salaries for CPIMs range from a low of under $30,000 to a excessive of $117,000, with a median of about $fifty seven,000, in response to SimplyHired's profits estimator. The CPSM scored the maximum earnings, at greater than $125,000. A accepted search on "provide chain supervisor" produced the following annual salaries: $fifty four,000 (low), $90,000 (median), $149,000 (high). if you're seriously interested in deliver chain administration, certification is a fine option to develop your profession. quite a lot of experts from the box, including a SCM assignment supervisor at Boeing, a three-member panel that blanketed SCM practitioners and consultants, and a market research firm, all identified certifications as anyplace from positive to basic for aspiring SCM gurus. We can not assist but do likewise here. earlier than digging into the trivia of our correct five SCM certifications, appear over our informal job board survey. This information studies the number of job posts nationwide for which our featured credentials had been outlined on a particular day. These numbers should give you a good draw close on the relative recognition and demand for each of these certifications. Job Board Search consequences (in alphabetical order, by means of certification) licensed in construction and stock administration (CPIM) The CPIM comes from the affiliation for Operations administration, aka APICS. It was initially known as the American creation and stock handle Society, whence its acronym comes. Now, some 60 years after it was based, APICs is a world physique that contains arms committed to construction, inventory manage, supply chain management, and transportation and logistics. As such things go, the CPIM has been round for a very long time, having first been offered in 1973. greater than 100,000 individuals hang this credential. [Take a Certified in Production & Inventory Management Practice Test at Udemy] The CPIM seeks to establish people with a robust working abilities of supply chain management ideas and premier practices. The subject matter covered in the certification practising and testing comprises demand management, procurement and service provider planning, cloth requirements planning, means necessities planning, revenue and operations planning, master scheduling, business enterprise relationships. there is additionally a strong emphasis on excellent manage and continuous development strategies and practices. CPIM information and Figures Certification nameCertified in construction and stock management (CPIM) necessities & Required classesTraining is required, but may well be self-paced ($1,240 and up) or in the school room ($1,750 for members; $1,980 for nonmembers and up) variety of checks Two checks: CPIM half 1 and part 2, which cover five essential theme areas (also define in-category modules taught for this curriculum)fundamentals of provide Chain ManagementMaster Planning of ResourcesDetailed Scheduling and PlanningExecution and handle of OperationsStrategic administration of elements can charge of examination getting to know bundles that include working towards plus exams add $440 to the above expenses. Annual affiliation membership (dues are $220) is additionally required. URL http://study.apics.org/cpim/ Self-look at materialsAPICS sells online practising, apply assessments and exams through its CPIM page. local APICS chapters present instructor-led practicing at ordinary intervals. licensed skilled in give administration (CPSM) The CPSM is issued through the Institute for deliver administration, or ISM. On its historical past page, the corporation claims "more than 100 years of journey." They additionally declare that greater than 60,000 CPSMs have been earned, notwithstanding this quantity includes each lapsed and existing credentials. The ISM takes the certification technique very critically. It uses working towards SMEs and performs distinctive job task analyses to assess what issues to cowl on its tests. SMEs additionally write candidate questions, then evaluate them as a committee, to opt for questions for inclusion on exams. question banks are field to ongoing psychometric evaluation so they accurately look at various for real-world advantage and knowledge, and reflect candidate's analytical, understanding, and problem-fixing competencies. The CPSM is legitimate for 3 years, after which holders should apply for recertification, along with documentation for 60 hours of accepted carrying on with training hours (CEHs as ISM calls them). The ISM gives a CPSM FAQ that files general costs to earn the credential: $1,200 to $1,800 for ISM contributors; $2,000 to $2,400 for nonmembers. issues on the three required CPSM tests come from a variety of domains, and are entirely documented within the CPSM FAQ and its exam specifications. The ISM wishes CPSMs to have a robust draw close of all fundamental themes, trends and applied sciences, and most desirable practices as they relate to provide administration. additionally, ISM also presents a CPSD (certified knowledgeable in enterprise range) credential, which seeks to assist groups interact in corporation variety. CPSM facts and Figures Certification nameCertified professional in supply management (CPSM) must haves & Required classesThree years' full-time supply administration experience in a non-clerical, non-help function, plus a domestically authorized bachelor's degree. then again, five years of like adventure (nonclerical, nonsupport) is also ideal. lessons are non-compulsory. variety of tests Three assessments:examination 1 basis of give administration (2:45, one hundred sixty five questions)examination 2 constructive deliver management performance (2:forty five, 165 questions)exam 3 leadership in deliver management (three:00, a hundred and eighty questions) checks may well be taken at Pearson VUE checking out facilities or by way of prior arrangement with ISM for on-web site practicing/testing combinations. can charge of examination $229 for ISM contributors; $379 for first exam for nonmembers (comprises cost of membership within the cost; subsequent tests should be at member can charge.) Annual membership is required and charges $210 to join, and $190 thereafter to hold. URL https://www.instituteforsupplymanagement.org/certification/content.cfm?ItemNumber=30605 Self-study materialsISM offers quite a number exam-coaching materials, together with analyze suggestions and analyze substances that include a studying list, three volumes of study courses ($79/$119 member/nonmember and up), self-analyze workbooks, follow exams, and greater. loads of bundles is attainable, and individuals qualify for discounts. licensed give Chain expert (CSCP) The CSCP is another certification from APICS (it also sponsors the CPIM certification). This credential has been available seeing that 2006, and more than 21,000 professionals from around the world have earned it considering then. The cited purpose of the certification is to aid specialists exhibit their supply chain advantage and potential and to strengthen "greater streamlined operations." Eligibility requirements for the CSCP require that candidates meet at the least one among here standards: Three years of linked business experience Bachelor's diploma (or international equal degree or degree of analyze) Candidate holds the CPIM, CLTD or CSCP, CTL, CFPIM, CIRM, SCOR-P, C.P.M., CSM or CPSM certifications As with the CPIM, candidates must comprehensive practicing to take the examination. Self-study options are available during the CSCP researching device (PLUS members pay $995; CORE or nonmembers pay $1,380). teacher-led online courses are available from Fox Valley Technical faculty. teacher-led practising is accessible via numerous APICS training companions, beginning at $3,095 ($three,295, which includes APICS membership). APICS also presents one other certification aimed toward provide chain logistics: the CLTD (licensed in Logistics, Transportation and Distribution). CSCP records and Figures Certification nameCertified give Chain knowledgeable (CSCP) necessities & Required classesTraining is required, but could be self-paced ($995/$1,380 and up) or within the classroom ($three,095 for participants; $three,295 for nonmembers and up) number of assessments One exam (3:30, 150 diverse-choice questions)attainable via Pearson VUE (authorization to look at various kind have to be accomplished to purchase the examination) cost of examination PLUS Member $695CORE Member/Non-member rate: $915 (retake $450 [all categories])Annual affiliation membership of $220 additionally required URL http://www.apics.org/credentials-education/credentials/cscp Self-examine substances APICS sells online practicing, observe checks and exams through its CSCP page. local APICS chapters and different practising outlets offer instructor-led practising at standard intervals. ASQ Six Sigma Black Belt Certification (CSSBB) There are a couple of sources for Six Sigma certification. We selected one of the vital familiar as our exemplar here. but the number of available jobs undercount the entire demand for Six Sigma-licensed Black Belts, because there may be more than one licensed sponsor for this sort of certification. That noted, all Six Sigma Black Belts should still be in a position to clarify Six Sigma philosophies and principles as smartly because the programs and equipment that aid them. also, such a person must demonstrate crew leadership, entirely understands team dynamics, and is capable of assign and manipulate team member roles and tasks. [Take a Six Sigma Black Belt Course on Udemy] Six Sigma Black Belts deeply have in mind the DMAIC model (outline, measure, analyze, enhance and handle) as it pertains to Six Sigma ideas and practices, principally as it pertains to manufacturing and service delivery. They additionally possess fundamental advantage about lean commercial enterprise ideas, and can establish non-value-introduced elements and actions. They also understand a way to use particular tools and ideas. CSSBB certification requires two completed tasks, each with a signed affidavit. alternatively, a person with three years' work adventure in one or greater areas of the certification's body of potential, plus a single signed affidavit, may additionally also qualify. Recertification is required each three years. ASQ and different certifying groups offer other Six Sigma credentials as neatly, for these attracted to first-class manage and lean business ideas. CSSBB data and Figures Certification callCertified Six Sigma Black Belt (CSSBB) must haves & Required coursesTraining is required however may be self-paced ($995/$1,380 and up) or within the classroom ($three,095 for individuals; $3,295 for nonmembers and up) number of checks One examination, two forms:desktop-based (4:30, a hundred sixty five varied-choice questions)Paper & pencil (4:00, one hundred fifty distinctive-alternative questions)specified data seems in the CSSBB brochure (PDF layout)assessments are made available on certain dates for both varieties, see date counsel on the CSSBB web page beneath the CBT and particular Administration headings. cost of examination ASQ contributors: $388Nonmembers: $538Retakes: $388 URL https://asq.org/cert/six-sigma-black-belt Self-analyze materialsASQ lists working towards, Books (a detailed reading listing) and different resources on the CSSBB page. Oracle E-company Suite 12 deliver Chain certified Implementation specialist: Oracle buying now not handiest is this Oracle credential a true mouthful, or not it's one of the most popular, as measured via certain point out in the job posting sites. however this certification is extra narrowly focused than the other five designations it takes deciding to buy for the supply chain as its primary theme it seems to be in high and commonplace demand. That doubtless reflects Oracle's dominant position within the enterprise database market, as a good deal because it reflects the value of most reliable procuring processes and practices within the broader container of SCM. somewhat atypically, Oracle does not require practicing to earn this credential, though a couple of non-compulsory classes can be found: simplest a single exam is required to earn this credential, as further explained in the records and Figures part. Oracle presents numerous different certifications beneath the E-company Suite 12 supply Chain and different headings, including: Oracle presents plenty of single-examination implementation professional credentials that cowl many, if now not most, job roles associated with designing, building, and holding database purposes to handle supply chain issues and technologies. The particulars, while particular to at least one such examination, often describe what anybody in the hunt for one of the most previous SCM-related credentials is probably going to come across. seek advice from the All Certifications page at Oracle school to look every thing that's available in Oracle's significant certification application. Dozens of items there, primarily beneath the applications and Oracle Cloud headings, focus on SCM themes and technologies. Oracle E-enterprise Suite Procurement statistics and Figures beyond the correct five supply Chain Certifications once you go outside our accurate 5 picks, there are nevertheless numerous SCM certification alternate options from which IT execs can choose to pursue their career development and development options. SAP, as an instance, offers three utility (solution) advisor SAP SCM credentials: one on Planning & Manufacturing, one on ERP Procurement (material administration), and one on ERP Order achievement (revenue Order administration). Taken en masse, these three objects just about matched the job counts for the Six Sigma Black Belt that accomplished in last location in our suitable 5, so these credentials have some market presence and heft. Relative newcomer Kinaxis, which presents distinct certifications for its RapidResponse product, may also also be value a look. Their latest credentials cowl americans who solve enterprise considerations the use of simulations (referred to as Contributors); developers who build and modify RapidResponse supplies, corresponding to worksheets, dashboards, and alerts (referred to as Authors); and americans who install, configure, and retain RapidResponse techniques users and information (known as directors). study extra about their choices on the company's Certification program domestic page. different SCM certifications are no doubt accessible in this busy and energetic market. As at all times, we suggest that you simply analyze any other player's program (and company) sturdiness, the size of their licensed population, and the rigor of their certification software (Do they do job task evaluation? Psychometrics? 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