Resilience and agility are what make supply chains thrive in today’s rapidly changing world. Becoming CPIM certified shows employers that you know how to effectively manage disruptions, demand variations and supply chain risk.
Take our short five question supply chain quiz to find out how much you know about supply chain operations.
Study options give you the ability to choose your perfect fit based on your personal preferences, scheduling, budget and more.
Study at your own pace with this flexible option.
Pair the Learning System with the guidance of an experienced instructor and the benefits of a classroom environment.
You have access to an instructor during the course, but there is no required meeting time, so you can complete assignments on your own schedule.
Organize small or large groups of self-study or instructor-led classes online or in-person.
What quantity should the planned order release be in this period?
Within a given period:
Explanation: Net requirements = gross requirements - scheduled receipts - available inventory
A quality tool used to detect assignable causes of variation in the process as opposed to random variations is a:
Explanation: The primary use of control charts is to detect assignable causes of variation in the process as opposed to random variations. The control chart is one of the seven tools of quality.
As supply chain management evolves, the need for integration of knowledge and decision making has resulted in which of the following computer systems?
Enterprise Resources Planning
Explanation: As the needs of organizations grew in the direction of a truly integrated approach towards materials management, the need for integrated systems arose. As these systems grew both in size and in integration of functionality, they were given a new name - enterprise resources planning (ERP).
Manufacturing Resource Planning
Advanced Planning & Scheduling
Collaborative Planning, Forecasting & Replenishment
A company operating in a volatile industry, in which demand and events can frequently throw off predictions, has become frustrated with the unreliability of and their dependence on forecasts. What step could they take to generate better and quicker information about customer demand?
Closer collaboration with downstream customers
Explanation: Closer collaboration will mean upstream partners gets downstream customer information directly and immediately. A key benefit of communicating demand rather than only orders is that you can see the reason for certain orders (e.g., to stockpile in advance of a plant shutdown versus a trend of higher sales), and this helps eliminate the bullwhip effect where variability in orders (both high and low) are magnified at each upstream supply chain node.
Improve order winners
Closer focus on key competencies
The accounting method for valuing inventory that estimates total cost, including allocated overhead, to produce a batch of goods divided by the total number of units produced is:
Explanation: Average cost per unit is based on estimating total cost, including allocated overhead, to produce a batch of goods divided by the total number of units produced.
First in, first out (FIFO)
Last in, first out (LIFO)
Over 80%: You’re starting off on the right foot! We recommend you consider the CPIM Learning System to further advance your knowledge and skills to better respond to supply disruptions, demand variations, and manage supply chain risk.Buy Now
Under 80%: Based upon the results of this quiz, we recommend you consider the CPIM Learning System to gain knowledge, learn skills and best practices required to execute, control and improve supply chain operations.Buy Now