APICS Certified in Production and Inventory Management CPIM Exam Practice Test

The sum of the benefits the customer receives and can be more than the product itself is called:

An income statement of a company is as follows:

If through a well-organized materials management department direct materials can be reduced by 10% and direct labor by 5% the improvements in profits would be:

The purchase cost of the stock-keeping units or the cost of manufacturing the item is called:

Which of the three factors are involved in good preparation of the physical inventory?

demand or lead time. is held to cover random unpredictable variations in supply and

CRP inputs are all of the following EXCEPT:

It is virtually impossible to be the best in every dimension of competition. Firms should in general: