20:00Min. left

PDF|

Guide for APICS Certified in Planning and Inventory Management (CPIM 8.0)

Quiz APICS Certified in Planning and Inventory Management (CPIM 8.0)

Updated on 2025/04/17

PDF|

Guide for APICS Certified in Planning and Inventory Management (CPIM 8.0)

Updated on 2025/04/17

Randomized | 10 Questions per Test | 20 Minutes | 70% to pass

Learning Mode

Free Test

Question: / 10

20:00Min. left

Question: / 10

4.7

Quiz

Question 1/101/10

The primary benefit that results from the cross-training of employees is:

Select the answer:Select the answer

1 correct answer

improved flexibility.

improved capacity.

shortened lead time.

effective problem-solving.

Quiz

Question 2/102/10

A company has a demand for 30 units of A, 40 units of B, and 50 units of C. These products are scheduled to run daily in batches of 10 as follows: ABC, ABC, ABC, CBC. What is this scheduling technique called?

Select the answer:Select the answer

1 correct answer

Mixed-model

Matrix

These products are scheduled to run daily in batches of 10 as follows: ABC, ABC, ABC, CB

Line balancing

Quiz

Question 3/103/10

Under which of the following conditions is excess capacity most likely a good substitute for safety stock?

Select the answer:Select the answer

1 correct answer

The cost of excess capacity is less than the cost of an additional unit of safety stock in the same period.

The cost to maintain one unit in inventory for a year is less than the direct labor cost.

The service level with safety stock is more than the service level with excess capacity.

Lead time for the product is longer than customers are willing to wait.

Quiz

Question 4/104/10

Given the following data, calculate the appropriate takt time: Certification Exam APICS Certified in Planning and Inventory Management (CPIM 8.0) APICS APICS-CPIM-8.0 1-2632274256

Certification Exam APICS Certified in Planning and Inventory Management (CPIM 8.0) APICS APICS-CPIM-8.0 1-2632274256

Select the answer:Select the answer

1 correct answer

0.25 minutes

1 minute

2 minutes

4 minutes

Quiz

Question 5/105/10

If all other factors remain the same, when finished goods inventory investment is increased, service levels typically will:

Select the answer:Select the answer

1 correct answer

remain the same.

increase in direct (linear) proportion.

increase at a decreasing rate.

increase at an increasing rate.

Quiz

Question 6/106/10

A low-cost provider strategy works best when which of the following conditions are met?

Select the answer:Select the answer

1 correct answer

Price competition among rivals is similar.

Buyers are more price sensitive.

There are many ways to achieve product differentiation.

There are few industry newcomers.

A low-cost provider strategy is a business strategy where a company aims to become the most cost- efficient player in its industry, often by producing goods or providing services at a lower cost than its competitors. The overall goal is to increase market share or achieve higher profitability. The low-cost leader in an industry often sets the price that other companies have to match or beat to stay competitive12. A low-cost provider strategy works best when buyers are more price sensitive, meaning they are more likely to switch to cheaper alternatives if the price of a product or service increases. This condition creates a strong demand for low-priced products or services, and gives the low-cost leader a competitive advantage over rivals who have higher costs and prices. Buyers are more price sensitive when34: • The product or service is standardized or undifferentiated, and there are few switching costs. • The product or service represents a significant portion of the buyer’s budget or income. • The product or service has low quality, performance, or image attributes that limit the buyer’s satisfaction or loyalty. • The product or service is not crucial to the buyer’s well-being or enjoyment. The other options are not correct because: • A. Price competition among rivals is similar. This condition does not favor a low-cost provider strategy, because it implies that the industry is already highly competitive and there is little room for differentiation. A low-cost leader would have to lower its prices even further to gain an edge over rivals, which could erode its profitability and sustainability. • C. There are many ways to achieve product differentiation. This condition does not favor a low-cost provider strategy, because it implies that the industry is diverse and dynamic, and there are many opportunities for innovation and value creation. A low-cost leader would have to invest more in research and development, marketing, and customer service to keep up with the changing customer preferences and expectations, which could increase its costs and reduce its efficiency. • D. There are few industry newcomers. This condition does not favor a low-cost provider strategy, because it implies that the industry is mature and stable, and there are few threats from new entrants. A low-cost leader would have to rely on its existing customer base and market share, which could limit its growth potential and expose it to the risk of obsolescence. Reference := 1 Low-cost leadership strategy: Explained with examples2 2 Low-Cost Producer: Definition, Strategies, Examples - Investopedia4 3 Low Cost Strategy - Definition, Factors & Example - MBA Skool5 4 Generating Advantage – Strategic Management - Open Educational Resources1

Right Answer: B

Quiz

Question 7/107/10

Based on the values reported in the table below, what is the inventory turnover? Certification Exam APICS Certified in Planning and Inventory Management (CPIM 8.0) APICS APICS-CPIM-8.0 2-4290565222

Certification Exam APICS Certified in Planning and Inventory Management (CPIM 8.0) APICS APICS-CPIM-8.0 2-4290565222

Select the answer:Select the answer

1 correct answer

0.50

0.58

1.73

2.60

Quiz

Question 8/108/10

Which of the following actions hinders the transition from a push system to a pull system?

Select the answer:Select the answer

1 correct answer

Using standardized containers

Using work orders as a backup

Introducing kanban cards as authorization for material movement

Maintaining a constant number of kanban cards during minor changes in the level of production

A push system is a production system that relies on forecasts and schedules to plan the production and distribution of goods and services. A pull system is a production system that responds to actual customer demand and signals to trigger the production and distribution of goods and services. A transition from a push system to a pull system requires a change in the mindset and the processes of the organization, as well as the adoption of new tools and techniques to enable a demand-driven production system12. One of the tools that is commonly used in a pull system is kanban, which is a visual signal that indicates the need for replenishment of materials or products. Kanban cards are attached to standardized containers that hold a fixed amount of inventory. When a container is empty, the kanban card is sent back to the upstream process as a signal to produce more. This way, the inventory level is controlled by the actual consumption of the downstream process, and the production is synchronized with the demand13. One of the actions that hinders the transition from a push system to a pull system is using work orders as a backup. Work orders are documents that authorize the production of a certain quantity of a product or a service, based on a forecast or a schedule. Work orders are typical of a push system, as they are not triggered by the actual customer demand, but by the planned production. Using work orders as a backup means that the organization is not fully committed to the pull system, and still relies on the push system to ensure the availability of inventory. This can create confusion, inconsistency, and inefficiency in the production system, as well as increase the inventory holding costs and the risk of obsolescence1 . Therefore, using work orders as a backup is the correct answer, as it is an action that hinders the transition from a push system to a pull system. The other options are actions that support the transition, as they are aligned with the principles and practices of a pull system.

Right Answer: B

Quiz

Question 9/109/10

For a company that uses first in, first out (FIFO) inventory accounting, the actual use in production of a recently arrived shipment of more expensive components rather than lower-cost components previously received will have which of the following results?

Select the answer:Select the answer

1 correct answer

Higher cost of goods sold (COGS)

Lower COGS

No change to COGS

A violation of FIFO rules

Quiz

Question 10/1010/10

Increased use of third-party logistics (3PL) services is likely to have which of the following effects on a firm's balance sheet?

Select the answer:Select the answer

1 correct answer

Decreased fixed assets

Decreased retained earnings

Increased accounts receivable

Increased intangible assets

Looking for more questions?Buy now

APICS Certified in Planning and Inventory Management (CPIM 8.0) Practice test unlocks all online simulator questions

Thank you for choosing the free version of the APICS Certified in Planning and Inventory Management (CPIM 8.0) practice test! Further deepen your knowledge on APICS Simulator; by unlocking the full version of our APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator you will be able to take tests with over 140 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 140 questions.

BUY NOW

What to expect from our APICS Certified in Planning and Inventory Management (CPIM 8.0) practice tests and how to prepare for any exam?

The APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator Practice Tests are part of the APICS Database and are the best way to prepare for any APICS Certified in Planning and Inventory Management (CPIM 8.0) exam. The APICS Certified in Planning and Inventory Management (CPIM 8.0) practice tests consist of 140 questions and are written by experts to help you and prepare you to pass the exam on the first attempt. The APICS Certified in Planning and Inventory Management (CPIM 8.0) database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator will also give you an idea of the time it will take to complete each section of the APICS Certified in Planning and Inventory Management (CPIM 8.0) practice test . It is important to note that the APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator does not replace the classic APICS Certified in Planning and Inventory Management (CPIM 8.0) study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the APICS Certified in Planning and Inventory Management (CPIM 8.0) exam.

BUY NOW

APICS Certified in Planning and Inventory Management (CPIM 8.0) Practice test therefore represents an excellent tool to prepare for the actual exam together with our APICS practice test . Our APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator and how our unique APICS Certified in Planning and Inventory Management (CPIM 8.0) Database made up of real questions:

Info quiz:

Quiz name:APICS Certified in Planning and Inventory Management (CPIM 8.0)
Total number of questions:140
Number of questions for the test:50
Pass score:80%

You can prepare for the APICS Certified in Planning and Inventory Management (CPIM 8.0) exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator.

Use our Mobile App, available for both Android and iOS devices, with our APICS Certified in Planning and Inventory Management (CPIM 8.0) Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all APICS Certified in Planning and Inventory Management (CPIM 8.0) practice tests which consist of 140 questions and also provide study material to pass the final APICS Certified in Planning and Inventory Management (CPIM 8.0) exam with guaranteed success. Our APICS Certified in Planning and Inventory Management (CPIM 8.0) database contain hundreds of questions and APICS Tests related to APICS Certified in Planning and Inventory Management (CPIM 8.0) Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW

Quiz APICS Certified in Planning and Inventory Management (CPIM 8.0)

Free Test - Simulator APICS Certified in Planning and Inventory Management (CPIM 8.0)

APICS Certified in Planning and Inventory Management (CPIM 8.0) Practice test unlocks all online simulator questions

What to expect from our APICS Certified in Planning and Inventory Management (CPIM 8.0) practice tests and how to prepare for any exam?