CPIM Supply Chain Management Test Information

CPIM Basic Exam – Certified in Production and Inventory Management “Basics of Supply Chain Management” Exam:

 The CPIM Basics of Supply Chain Management Exam is the first of five exams created by the Association for Operations Management, also known as APICS, that are administered by Promissor and are required in order for an individual to receive a Certification in Production and Inventory Management.

This certification can be extremely useful as a resume-builder for individuals in the manufacturing and warehousing industries as it demonstrates to potential employers that the individual has an in-depth knowledge of how to manage the manufacturing process and the distribution of various products and services. However, in order to receive the certification, the individual must pass all five CPIM exams.

This exam consists of 105 multiple-choice questions, 80 of which are scored and 25 that are not scored, related to basic business concepts, demand planning, the Just-in-Time (JIT) system, manufacturing resource management, transforming supply into demand, supply system management techniques including capacity management, and total quality management. The exam-taker has three hours to complete the exam and there are no official breaks scheduled during that period.

The exam is scored based on a scale of 265 to 330 with 300 as the minimum score necessary to pass the exam. To register for the exam, you must contact APICS to get a customer number and register online or by phone with APICS or Promissor to schedule a testing date. The registration fee for the exam is $110 for APICS members and $145.00 for nonmembers

Primary References  

Basics of Supply Chain Management

1.APICS CPIM Basics of Supply Chain Management Reprints, version 2009, APICS, 99 pages, APICS stock # 05002-2009.

2.APICS Dictionary, 13th edition, Editor: John H. Blackstone Jr., Ph.D., CFPIM, Jonah’s Jonah, APICS, 2011, 164 pages, APICS stock # 01102-2011.

 3.Introduction to Materials Management, 6th edition, J.R. Tony Arnold, Stephen N. Chapman and Lloyd M. Clive, Prentice Hall, 2008 (published in India by Doling Kindersley, 2009), 528 pages, APICS stock # 03813. 4

4. Lean Production Simplified, 2nd edition, Pascal Dennis, Productivity Press, 2007, 192 pages, APICS stock # 03990.

critical ratios

The following four jobs, A-D, have critical ratios of 1.6, 1.2, 0.3, and 0.4 respectively.

When this rule is utilizing for dispatching, what is the sequence of job execution?

A. D, A, B, C

B. C, D, B, A

C. A, B, C, D

D. D, C, B, A

Answer: C

can one explain why the ans is C

how to solve this

If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales ,what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60%of sales to 50%of sales?

A. 100%
B. 70%
C. 50%
D. 10%

Re Plan & Net Change

What is the difference between Replan & Net Change MRP

Reschedule in

Can some one explain the answer of below qs

 

An MRP exception message which reads "Reschedule in" would indicate which of the
following out of limits conditions?
A) Due date of the order is prior to the need date
B) Due date of the order is after the need date
C) Due date and need date are the same
D) Due date and need date mean nothing in this example

solve this

The purchasing manager of a company received the following quote for some raw
materials:
Less than 500 units
$50/unit
500 units or more
$40/unit
If the ordering cost equals $40, annual volume is 2500 units and the carrying cost of
inventory is 20%, what is the annual cost of the least-cost order quantity?

corporate strategy, mission & philosophy

Can some1 clearly explain me what is the difference between

corporate strategy,
mission &
philosophy

Qs on ARR

Can someone explain the answers of below 2

A company invested $60,000 in purchasing a machine. The company will generated a cash flow of $30,000 per year for 3 years. What is the accounting rate of return ?
i. 50%
ii. 33.33%
iii. 150%
iv. None of the above

A company invested $60,000 in purchasing a machine. The company will generated a cash flow of $30,000 per year for 3 years. The residual value of the machine after 3 years will be $10,000.
 What is the accounting rate of return ?
i. 50%
ii. 38%
iii. 55.55%
iv. None of the above
 

apics cpim exam

from where I can get apics questions and answers...I am preparing for CPIM..so looking for some apics cpim practice questions

exam

I appeared the BSCM paper almost 2 years back...can I now start from the second paper onwards or do I need to appear the BSCM again

critical ratio & slack time

Calcualte the critical ratio & slack time for each order for the data given in below fig

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What is paybis.com?



Paybis.com is a cryptocurrency exchange platform that allows users to buy Bitcoin and other cryptocurrencies with a variety of payment methods. The platform is user-friendly, with a simple and intuitive interface that makes it easy for anyone to buy Bitcoin. Paybis.com offers competitive exchange rates, which are updated in real-time, ensuring that users get the best deals on their Bitcoin purchases.



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To buy Bitcoin on paybis.com, users need to create an account and verify their identity. The verification process is straightforward and requires users to provide their personal details, such as their name, address, and date of birth. Once the account is verified, users can choose the payment method they prefer and enter the amount of Bitcoin they want to buy.



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Paybis.com takes security seriously and has implemented several measures to ensure that users' funds and personal information are safe. The platform uses SSL encryption to protect users' data and has a two-factor authentication system to prevent unauthorized access to accounts. Paybis.com also complies with anti-money laundering (AML) and know-your-customer (KYC) regulations, which help to prevent fraud and other illegal activities.



Conclusion



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How To Gain Bitget

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Bybit is a cryptocurrency derivatives exchange that offers a variety of trading options and tools. Its CopyTrade feature is designed to enable traders to replicate the trades of experienced and successful traders. The CopyTrade platform connects traders who wish to share their trades with those who wish to copy them, creating a win-win situation for both parties.



One of the key benefits of Bybit's CopyTrade feature is its ease of use. Traders do not need to have any trading experience or knowledge of the cryptocurrency market to start copying the trades of experienced traders. All they need to do is select a trader whose trading style they like, and Bybit's algorithm will automatically copy their trades onto the trader's account.



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The process of using Bybit Copytrade is simple. Traders can browse through a list of Master Traders, each of whom has a detailed profile displaying their trading history, win rate, and other performance metrics. Once a trader has found a Master Trader whose trading style they like, they can click on the "Copy" button to automatically replicate their trades.



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In the world of cryptocurrency trading, one of the biggest challenges is finding reliable investment opportunities. Many investors are wary of the high volatility and complex nature of the market, which can make it difficult to navigate and find profitable opportunities. But with the rise of copy trading platforms like Bybit Copytrade, investors now have a new and exciting way to invest in cryptocurrencies.



Bybit Copytrade is a platform that allows traders to copy the trades of successful traders, also known as "leaders." These leaders have a proven track record of making profitable trades, and their strategies are automatically replicated for their followers. This means that investors can benefit from the experience and skills of successful traders without having to spend hours analyzing the market themselves.



One of the key benefits of Bybit Copytrade is its transparency. Users can easily view the performance of each leader, including their past performance, success rate, and risk level. This allows investors to make informed decisions about which leaders to follow and how much to invest.



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In addition to its ease of use and transparency, Bybit Copytrade also offers a range of advanced features that make it a powerful tool for cryptocurrency investors. For example, the platform includes a "stop-loss" feature that automatically stops trading if losses exceed a certain threshold. This helps investors to manage risk and minimize losses.



Furthermore, Bybit Copytrade provides a range of customization features that allow investors to tailor their investment strategies to their own preferences. For example, users can set their own risk parameters, choose which leaders to follow, and adjust their investment amounts.



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