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CPIM 8 Mod 6 Sect A Flashcards | StudBud

Explore/CPIM 8 Mod 6 Sect A

CPIM 8 Mod 6 Sect A

6 terms·StudBud Administration·284 plays

Inventory Planning Supply Chain Mavens Dave Credicott

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Questions 6

Answers

1
Careless planning of inventory levels can have a negative impact on customer service… and on production efficiency
False
True
2
In a mature organization, Marketing, Operations, & Finance will always naturally agree on the desired inventory levels
False
True
3
The item #103 supplier advised of problems with future item deliveries. What's the best action to take on the item?
Set lead time = 4 weeks, ABC Class = A, double all future quantities
Set lead time = 4 weeks, ABC Class = A
Terminate the supplier relationship and find a new sourcing partner
Nothing, the annual usage has not changed
Set ABC Class = A
Set lead time = 4 weeks
4
Which are acceptable functions for carrying inventory? (Select all that apply)
Decoupling buffers
Transportation inventory
Competitor products for reverse engineering
Obsolete parts
Lot-size inventory
Safety stock
5
The primary reason for “ABC Inventory Control” is to ensure adequate supply of critical items...
because annual financial reports require the ABC analysis
because it’s manadated by federal law
because ABC inventory control is part of financial GAAP requirements
via high security, safety stock, & frequent counting
6
The best practice for managing safety stock in supply chains is
Use safety stock for critical inventory, develop resiliency for other risks
Carry safety stock for all inventory, just-in-case
A best practice isn't needed; handle each shortage situation as appropriate
Alternative sourcing should be identified for all inventory