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APICS CPIM-Part-1 : Certified in Production and Inventory Management v.8 Part 1 (ASCM) Practice Tests

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Exam Number : CPIM-Part-1
Exam Name : Certified in Production and Inventory Management v.8 Part 1 (ASCM)
Vendor Name : APICS
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CPIM-Part-1 Exam Format | CPIM-Part-1 Course Contents | CPIM-Part-1 Course Outline | CPIM-Part-1 Exam Syllabus | CPIM-Part-1 Exam Objectives

Exam Name: CPIM Part 1 - Basics of Supply Chain Management
Version: Version 8 (latest as of October 2023)
Certification Body: ASCM (Association for Supply Chain Management)
Exam Duration: 3.5 hours (210 minutes)
Number of Questions: 150 multiple-choice questions
Passing Score: 300 on a scale of 265 to 330
Exam Format: Computer-based testing (CBT) at authorized testing centers or online proctored.

Part 1: Supply Chain Management Basics

- Supply Chains and Strategy (15%)
- Understanding supply chain concepts and flows (materials, information, finances).
- Aligning operations strategy with business goals.
- Competitive priorities: cost, quality, delivery, and flexibility.

- Sales and Operations Planning (S&OP) (20%)
- Purpose and benefits of S&OP.
- Demand planning and forecasting techniques.
- Balancing supply and demand through collaborative planning.

- Demand Management (15%)
- Types of demand (independent vs. dependent).
- Demand forecasting methods and accuracy.
- Managing customer orders and fulfillment.

- Supply Management (15%)
- Supplier relationship management.
- Procurement processes and strategies.
- Inventory policies and replenishment methods.

- Master Planning (20%)
- Master Production Scheduling (MPS).
- Rough-Cut Capacity Planning (RCCP).
- Bill of Materials (BOM) and product structures.

- Material Requirements Planning (MRP) (15%)
- MRP inputs and outputs.
- Calculating net requirements and order quantities.
- Managing MRP exceptions and changes.

- Supply Chain Overview
- Understanding the end-to-end supply chain
- suppliers
- manufacturers
- distributors
- customers

- Key Objectives
- Cost efficiency
- quality
- delivery performance
- flexibility

- Supply Chain Flows
- Material flow
- information flow
- financial flow

- Operations Strategy
- Alignment with Business Goals
- Competitive Priorities
- Cost
- quality
- delivery speed
- flexibility

- Trade-offs
- Balancing competing priorities (e.g., cost vs. service level).

- Demand Management
- Forecasting Techniques: Qualitative and quantitative methods for demand planning.
- Demand Variability: Understanding and managing fluctuations in demand.
- Customer Relationship Management (CRM): Aligning demand with customer needs.

- Master Planning
- Sales and Operations Planning (S&OP): Balancing demand and supply at a strategic level.
- Master Production Scheduling (MPS): Translating S&OP into a detailed production plan.
- Rough-Cut Capacity Planning (RCCP): Ensuring the MPS is feasible with available resources.

- Material Requirements Planning (MRP)
- Bill of Materials (BOM): Hierarchical structure of components needed to produce a product.
- MRP Calculations: Determining net requirements, lead times, and order quantities.
- MRP Outputs: Purchase orders, work orders, and planned order releases.

- Capacity Management
- Capacity Planning: Ensuring resources (e.g., labor, machinery) are available to meet production needs.
- Capacity Control: Monitoring and adjusting capacity in real-time.
- Theory of Constraints (TOC): Identifying and managing bottlenecks in production.

- Continuous Improvement
- Lean Principles: Eliminating waste and improving efficiency.
- Total Quality Management (TQM): Focusing on quality at every stage of production.
- Kaizen: Continuous improvement through small, incremental changes.

- Supply Chain
- Value Chain
- Lead Time
- Forecast Error
- Bullwhip Effect
- Order Fulfillment
- Aggregate Planning
- Time Fence

- Available-to-Promise (ATP)
- Gross Requirements
- Net Requirements
- Lot Sizing
- Bottleneck
- Throughput
- Utilization
- Just-in-Time (JIT)
- Six Sigma
- PDCA Cycle

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APICS Inventory Exam Questions

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CPIM-Part-1:Certified-in-Production-and-Inventory-Management-v8-Part-1-ASCM PDF Questions and Answers