CPIM - Basics of Supply Chain Management
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The overall objective of an integrated supply chain can best be described as the achievement of:
A. decreased lead time.
B. increased supplier partnerships.
C. an efficient flow of materials and information. D. an efficient flow of production.
A company's cost of goods sold would be found on which of the following financial documents?
A. Balance sheet
B. Income statement
C. Cash flow statement
D. Performance statement Answer: B
In an assemble-to-order production environment, the master production schedule contains:
A. standard items.
B. finished items. C. raw materials. D. subassemblies. Answer: D
Which of the following manufacturing systems involves the creation of one unit or a small number of units?
A. Flow manufacturing
B. Intermittent manufacturing C. Project manufacturing
D. Continuous manufacturing Answer: C
After a quality improvement program has been successfully implemented, the greatest cost of controlling quality typically is the cost of:
B. appraisal. C. prevention. D. inspection. Answer: C
In the income statement, the cost of goods sold is related to the:
A. sales dollars.
B. total inventory dollars. C. marketing expenses.
D. manufacturing expenses.
Manufacturing overhead includes which of the following types of costs?
A. Interest expense B. Supervision
C. Direct labor
D. Direct material Answer: B
The question below is based on the following cost information:
What is the carrying cost?
C. 20% D. 25% Answer: D
Which of the following concepts could a firm implement to reduce defects?
A. Hansei B. Jidoka C. Muri
D. Heijunka Answer: B
Inventory turns is an appropriate performance measure for which of the following functions?
A. Material control
B. Activity-based costing control C. Total quality management
D. Flexible manufacturing Answer: A
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