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APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:
1. Which of the following approaches is most effective in communicating operational performance?
A) Monthly meetings with employees
B) Visual control boards at several locations
C) Reviewing conformance to schedule
D) Quality performance measures
2. In a rapidly changing business environment, a primary advantage of an effective customer relationship management (CRM) program is:
A) reduced forecast variability.
B) earlier identification of shifts in customer preferences.
C) fewer customer defections.
D) fewer customer order changes.
3. Which of the following criteria is used to determine safety stock in a distribution center (DC)?
A) Probability of stocking out
B) Alpha factor level
C) Economic order quantity (EOQ) N
D) Seasonal index value
4. The approved output of the distribution requirements planning (DRP) process is an input to which of the following planningprocesses?
A) Strategic
B) Master production 0
C) Final assembly
D) Business
5. Which of the following measurements indicates there may be bias in the forecast model?
A) Mean absolute deviation (MAD)
B) Variance
C) Standard deviation
D) Tracking signal
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |