CPIM-MPR : Certified in Production and Inventory Management - Master Planning of Resources Exam

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

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