CIM Technology & Inventory Software 3

Question 1

Which type of inventory software module uses historical sales data and statistical models to predict future demand?

Accepted Answer

Demand forecasting module

Answer

Demand forecasting modules apply statistical algorithms to historical data to generate forward-looking demand predictions.

Question 2

A company uses a cloud-based WMS with a SaaS pricing model. What is a key ADVANTAGE over an on-premise system?

Accepted Answer

Lower upfront capital expenditure and automatic software updates

Answer

SaaS WMS eliminates large upfront licensing and hardware costs, and updates are managed by the vendor automatically.

Question 3

What is the purpose of a 'lot tracking' feature in inventory management software?

Accepted Answer

Links inventory batches to production or receipt records for traceability

Answer

Lot tracking associates inventory batches with specific receipt or production records, enabling recalls and expiration management.

Question 4

In ERP inventory modules, what does 'two-way matching' validate before approving an invoice for payment?

Accepted Answer

Purchase order and invoice

Answer

Two-way matching compares the purchase order and vendor invoice to verify quantities and prices align before payment is approved.

Question 5

Which inventory technology uses light-directed systems to guide warehouse pickers to correct bin locations?

Accepted Answer

Pick-to-light

Answer

Pick-to-light systems use LED displays mounted on bins to direct pickers to the correct location and quantity, reducing errors.

(CIM) Certified Inventory Manager Practice Test