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APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:

1. Up-to-date information about production order status is required to do which of the following tasks?

A) Calculate the cost of work in process (WIP).
B) Replenish kanban quantities.
C) Determine planned orders.
D) Calculate current taketime.

2. Risk pooling would work best for items with:

A) high demand uncertainty and long lead times.
B) low demand uncertainty and long lead times.
C) high demand uncertainty and short lead times.
D) low demand uncertainty and short lead times.

3. Potential reasons to make instead of buy a product may include:

A) maintain core competencies, increase capital expense, and reduce cost.
B) eliminate risks associated with single sourcing, create intermittent flow, and reduce cost.
C) maintain quality, reduce cost, and keep confidential processes within the firm.
D) less capital investment, large volume changes, and reduce cost.

4. In the sales and operations planning (S&0P) process in a repetitive manufacturing environment, the resulting operationsplan for a product family could be stated in terms of which of the following outputs?

A) Value of products to be produced
B) Metric tons to be produced
C) A Projected labor hours
D) Number of products planned for shipment

5. Which of the following factors typically would distort a sales forecast that is based solely on shipment history?

A) Material shortages
B) Customer demands
C) Labor rate changes
D) Currency exchange rates

Solutions:

Question # 1 Answer: A

Question # 2 Answer: A

Question # 3 Answer: C

Question # 4 Answer: D

Question # 5 Answer: A