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

1. Which of the following stock location systems would you use in a repetitive manufacturing, lean environment?

A) Fixed location
B) Central storage N
C) Floating location
D) Point-of-use storage

2. The major contribution of the production plan is to:

A) establish demand by end item.
B) identify key resources to support the master schedule.
C) establish the weekly build schedule.
D) provide authorization for the master schedule.

3. The production plan relates to a firm's financial planning because it is used to:

A) identify future cash needs.
B) determine variable costs.
C) project payroll costs.
D) calculate standard product costs.

4. In which of the following environments is capable-to-promise (CTP) more appropriate than available-to-promise (ATP)?

A) Packaged foods sold in grocery stores
B) Consumer electronics sold through local retailers
C) Specialty chemicals packaged and shipped to order
D) Industrial supplies shipped from regional distribution centers (DCs)

5. A balanced scorecard is a performance measurement approach that involves:

A) obtaining external industry performance measures against the company's key performance indicators (KPIs).
B) balancing supply and demand.
C) assigning profit responsibility to key managers.
D) linking financial and non-financial performance measures to organizational goals.

Solutions: