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Guide for APICS Certified in Production and Inventory Management - Master Planning of Resources

Quiz APICS Certified in Production and Inventory Management - Master Planning of Resources

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Quiz

1/10
The question below is based on the following information: Certification Exam APICS Certified in Production and Inventory Management - Master Planning of Resources APICS APICS-CPIM-MPR 2-1927210661 Which of the following distributions would be the central warehouse allocation of 120 units of inventory to district warehouses A, B, and C if the equal run-out method were used?
Select the answer
1 correct answer
A.
20 units to A, 53 units to B, 47 units to C
B.
20 units to A, 60 units to B, 40 units to C
C.
20 units to A, 80 units to B, 20 units to C
D.
100 units to A, 0 units to B, 20 units to C

Quiz

2/10
A warehouse has 20,000 orders per year with an average of 10 line items per order. The warehouse experiences 800 backorders per year averaging 5 line items per backorder. What level of customer service is achieved when the percentage of line items shipped on schedule is used?
Select the answer
1 correct answer
A.
96%
B.
97%
C.
98%
D.
99%

Quiz

3/10
Which of the following communicates in-transit inventories to a warehouse?
Select the answer
1 correct answer
A.
Bill of distribution
B.
Master schedule
C.
Order acknowledgment to warehouse
D.
Distribution requirements planning

Quiz

4/10
Which of the following data is an input to distribution requirements planning?
Select the answer
1 correct answer
A.
Location points
B.
Shipping schedules
C.
Interplant demand
D.
Order value

Quiz

5/10
Which of the following issues is most likely to lead to the use of a short-term, rather than long-term, forecasting process?
Select the answer
1 correct answer
A.
How to respond to a competitor's test marketing of a new product
B.
How to configure the supply chain to support a new market segment
C.
Whether to outsource a capital-intensive subassembly process
D.
Whether to take a price-leadership or a product-differentiation posture

Quiz

6/10
Which of the following factors has the greatest effect on the length of the forecast horizon?
Select the answer
1 correct answer
A.
Cumulative product lead time
B.
Purpose of the forecast
C.
Frequency of forecast revision
D.
Size of forecast period

Quiz

7/10
Which of the following statements about both econometric models and market research is true?
Select the answer
1 correct answer
A.
They are examples of intrinsic forecasting techniques.
B.
They are useful in forecasting at the stockkeeping unit level.
C.
They are useful in aggregate planning.
D.
They can be used in place of adaptive smoothing.

Quiz

8/10
When quantitative data are being evaluated, a very small bias in a forecast can best be explained by which of the following statements?
Select the answer
1 correct answer
A.
Positive forecast errors approximately offset negative forecast errors.
B.
The absolute values of all forecast errors were approximately equal.
C.
The variability of forecast data was skewed.
D.
A very small alpha factor was used.

Quiz

9/10
The forecast tracking signal is the ratio of the:
Select the answer
1 correct answer
A.
forecast to the MAD.
B.
cumulative error to the MAD.
C.
cumulative error to the forecast.
D.
standard deviation to the MAD.

Quiz

10/10
A demand filter can best be used for which of the following purposes?
Select the answer
1 correct answer
A.
To remove scrap loss from a work center history
B.
To adjust the alpha factor
C.
To flag a large order
D.
To remove seasonal variability from forecast data
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  • Quiz name:APICS Certified in Production and Inventory Management - Master Planning of Resources
  • Total number of questions:105
  • Number of questions for the test:50
  • Pass score:80%

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