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CPIM 8 Review - Formulas & Grids Flashcards | StudBud
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CPIM 8 Review - Formulas & Grids
CPIM 8 Review - Formulas & Grids
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CPIM 8 Quizzes focusing on formulas and grids Supply Chain Mavens Dave Credicott
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
What was the
carrying cost
for the current year, in $M?
4.0
4.25
8.0
3.75
2
Using the information in the image, what is the
level production quantity
per period for a MTS item?
217
300
400
250
3
Wait!
In that last example, why is PAB=350 in period 1? Shouldn’t it be 400–100=300?
It’s wrong. For proof, look at the PAB in period 4: 450-200=250
Within the DTF, only customer orders are included, so 400-50=350 is correct
4
The “
Contribution Margin
” must cover fixed costs as a starting point for profitability. The CM formula is:
Sales - Payroll
Variable Costs - Fixed Costs
Sales – Variable Costs
Sales – Fixed Costs
5
A company makes barbeque grills. Using the values in the image, how many units must be sold to make a profit?
1,071
3,001
653
1,667
6
What is the formula for
forecast deviation
?
\frac{Demand-Forecast}{Demand}
Forecast-Demand
Demand-Forecast
\frac{Demand}{Forecast}
7
EOQ
is a good way to determine order quantities: it balances ordering & carrying costs against current period demand
True
False
8
Using the
square root formula
, how much safety stock will be needed
at each location
when three warehouse are added?
200
100
\sqrt{200}
800
9
Referring to the image, what is the most recent
three-month moving average
?
112.5
115
110
675
10
The
Process Capability Analysis
formulas and target goals are shown. Which are correct for
ideal process control
?
Both goals must be satisfied.
Satisfying either goal is sufficient.
Cpk measures how centered the deviations are over the ideal position.
Cp measures the spread of the deviations.
11
Order Point:
demand is 60 items per week, lead time is 3 weeks, safety stock is 20 units. What's the order point?
200
180
0
60
12
PAB
calculations change when there are time fences. What are the PAB values in period 1 and period 4?
350, 250
300, 100
300, 250
350, 400
13
Days of Supply
= how long current inventory will last, at the current daily usage, if no units are made or received
True
False
14
With the payment performance shown in the image, what is the
cash-to-cash cycle time
in days?
20
35
55
95
15
Demand = 900. Forecast = 800. Using a high alpha = 0.8 to emphasize actuals, the
exponential smoothing forecast
= ?
820
880
800
900
16
Calculate the
Mean Absolute Deviation (MAD)
for the four quarters of the year shown in the image
20
40
-20
10
17
What is the
manufacturing lead time
and
cumulative lead time
for item “A”?
2, 6
3, 3
5, 3
5, 8
