Certified in Planning and Inventory Management (CPIM 8.0) valid practice questions & CPIM-8.0 exam pdf torrent & Certified in Planning and Inventory Management (CPIM 8.0) latest study dumps

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Two CPIM-8.0 practice tests of ExamDumpsVCE (desktop and web-based) create an actual test scenario and give you a CPIM-8.0 real exam feeling. These CPIM-8.0 practice tests also help you gauge your APICS Certification Exams preparation and identify areas where improvements are necessary. You can alter the duration and quantity of APICS CPIM-8.0 Questions in these CPIM-8.0 practice exams as per your training needs.

APICS CPIM-8.0 Exam Syllabus Topics:

Topic	Details
Topic 1	Supply: This module tests the competencies of Procurement Specialists in managing supply chains effectively. It involves creating master schedules for production planning, maintaining these schedules over time, material requirements planning (MRP), capacity requirements planning (CRP), supplier management practices, and purchasing strategies during product life cycle changes. A key skill measured here is "validating master schedules."
Topic 2	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."
Topic 3	Sales and Operations Planning: This module assesses the skills of Operations Planners in terms of sales and operations planning processes. It includes understanding the purpose of S&OP, creating aggregate demand plans, and reconciling these plans to ensure alignment between sales forecasts and operational capabilities. A crucial skill measured is "reconciling supply-demand gaps."
Topic 4	Quality, Technology, and Continuous Improvement: This section assesses skills of Quality Assurance Specialists, focusing on quality assurance methodologies enhanced by technology to drive continuous improvement efforts. A key skill measured here is "enhancing quality metrics."
Topic 5	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."

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Quiz APICS - CPIM-8.0 - Certified in Planning and Inventory Management (CPIM 8.0) Unparalleled Valid Exam Bootcamp

Overall obtaining Certified in Planning and Inventory Management (CPIM 8.0) (CPIM-8.0) certificate can be a valuable investment in your professional career. As it can help you to stand out in a competitive market, more career opportunities, and advancement of your career. To gain all these advantages you just need to enroll in the APICS CPIM-8.0 Certification Exam and put all your efforts to pass this challenging CPIM-8.0 exam with flying colors.

APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q133-Q138):

NEW QUESTION # 133
A company that uses concurrent engineering is likely to experience which of the following outcomes in the first period of a product's life cycle?

A. Conflicts between purchasing and engineering
B. An increase in obsolete inventory
C. More accurate forecasting
D. Fewer product design changes

Answer: D

Explanation:
Concurrent engineering is a method of designing and developing products in which the different stages run simultaneously, rather than consecutively. It decreases product development time and also the number of errors and rework. By involving all the relevant stakeholders, such as engineering, manufacturing, marketing, and purchasing, in the design process from the beginning, concurrent engineering reduces the need for product design changes later in the product life cycle. References:
*APICS CPIM Part 2 Exam Content Manual, p. 15
*[APICS CPIM Learning System Version 8.0], Module 2, Section B, p. 2-17

NEW QUESTION # 134
Which of the following methods most likely Introduces a temporary variance between the inventory balance and the inventory record?

A. Backflushing
B. Inventory write-off
C. Cycle count
D. Kanban

Answer: A

Explanation:
Backflushing is a method of inventory accounting that deducts the materials used in production from the inventory record after the completion of a product or batch. This introduces a temporary variance between the actual inventory balance and the inventory record, which should be reconciled periodically. Inventory write-off, cycle count, and kanban do not cause such a variance. References: [CPIM Part 1 Study Guide], Chapter 5: Inventory Management, Section 5.3: Inventory Record Accuracy, p. 5-15.

NEW QUESTION # 135
Substituting capital equipment in place of direct labor can be economically Justified for which of the following scenarios?

A. Volumes are forecasted to increase
B. Implementing a pull system in production
C. Functional layouts are being utilized
D. Material prices are forecasted to increase

Answer: A

Explanation:
Substituting capital equipment in place of direct labor can be economically justified for scenario A, where volumes are forecasted to increase. This is because capital equipment can provide higher productivity, efficiency, and quality than direct labor, especially for large-scale and standardized production. Capital equipment can also reduce labor costs, such as wages, benefits, and training, and avoid labor shortages or turnover. However, capital equipment also involves high initial investment, maintenance, and depreciation costs, and may require more skilled workers to operate and monitor. Therefore, the substitution of capital equipment for direct labor should be based on a careful analysis of the trade-offs between the costs and benefits of both alternatives.
Option B is not correct, because material prices are forecasted to increase. This scenario does not directly affect the decision to substitute capital equipment for direct labor, as both alternatives use the same materials.
However, increasing material prices may reduce the profitability of the production, and may require the company to find ways to reduce material usage, such as improving material yield, reducing scrap and rework, or sourcing from cheaper suppliers.
Option C is not correct, because implementing a pull system in production. This scenario does not favor the substitution of capital equipment for direct labor, as a pull system is based on the principle of producing only what is needed by the customer, when it is needed, and in the quantity needed. A pull system requires flexibility, responsiveness, and adaptability to the changing customer demand, which may be better achieved by direct labor than capital equipment. A pull system also aims to minimize inventory, waste, and overproduction, which may reduce the need for capital equipment.
Option D is not correct, because functional layouts are being utilized. This scenario does not support the substitution of capital equipment for direct labor, as functional layouts are based on grouping similar or related processes or machines together, regardless of the product flow. Functional layouts may result in long and complex material flows, high transportation and handling costs, high work-in-process inventory, and low visibility and coordination of the production. Functional layouts may also require more direct labor to move and monitor the materials and machines. Capital equipment may be more suitable for product layouts, where the processes or machines are arranged according to the sequence of operations for a specific product or family of products.
References:
Production and Inventory Management
Capital Equipment and Labor
Facility Layout and Design

NEW QUESTION # 136
Which of the following methods would be appropriate for forecasting the demand for a product family when there is a significant trend and seasonality in the demand history?

A. Weighted moving average
B. Time series decomposition
C. Econometric models
D. Computer simulation

Answer: B

Explanation:
Time series decomposition is a method that breaks down a time series of historical demand data into its components: trend, seasonality, cyclical, and random. It is appropriate for forecasting the demand for a product family when there is a significant trend and seasonality in the demand history, as it can isolate and estimate these components and project them into the future. Time series decomposition can also handle cyclical and random variations in demand, and it can be applied to different time intervals (such as monthly, quarterly, or yearly). The other methods are not suitable for this scenario. Econometric models are complex mathematical models that use regression analysis to relate demand to various explanatory variables, such as price, income, or advertising. They are not designed to capture trend and seasonality in demand. Computer simulation is a technique that uses a computer program to mimic the behavior of a real system under different scenarios and assumptions. It is not a forecasting method per se, but rather a tool for testing and evaluating different forecasting methods or policies. Weighted moving average is a simple method that uses the average of the most recent observations as the forecast for the next period, with more weight given to the recent observations than the older ones. It is not able to capture trend and seasonality in demand, as it assumes that demand is stable and does not change over time. References: Time Series Decomposition | APICS Dictionary Term of the Day, APICS CPIM 8 Planning and Inventory Management | ASCM

NEW QUESTION # 137
Components of an organization's Immediate industry and competitive environment Include:

A. substitute products.
B. interest rates.
C. sociocultural forces.
D. political factors.

Answer: A

Explanation:
Substitute products are components of an organization's immediate industry and competitive environment.
They are products or services that can satisfy the same customer needs or wants as the organization's offerings, but are provided by different industries or markets. Substitute products can affect the demand, price, and profitability of the organization's products, and require the organization to monitor and respond to the changes in customer preferences and competitive pressures. Political factors, interest rates, and sociocultural forces are examples of macroenvironmental factors, which are broader and more general forces that affect the organization and its industry, but are not directly related to its competitors or customers. References := CPIM Exam Content Manual, Module 1: Supply Chains and Strategy, Section 1.1: Business Strategy, p.
4
Strategic Supply Chain Management: The Five Core Disciplines for Top Performance, Chapter 2: Align Your Supply Chain with Business Strategy, Section 2.2: Assessing the External Environment, pp. 25-26

NEW QUESTION # 138
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CERTIFIED IN PLANNING AND INVENTORY MANAGEMENT (CPIM 8.0) VALID PRACTICE QUESTIONS & CPIM-8.0 EXAM PDF TORRENT & CERTIFIED IN PLANNING AND INVENTORY MANAGEMENT (CPIM 8.0) LATEST STUDY DUMPS

Certified in Planning and Inventory Management (CPIM 8.0) valid practice questions & CPIM-8.0 exam pdf torrent & Certified in Planning and Inventory Management (CPIM 8.0) latest study dumps