CPIM Master Planning of Resources 2

Question 1

What is a 'planning bill of materials' used for in master scheduling?

Accepted Answer

To represent a family of products for aggregate planning purposes

Answer

To list all components needed for a single finished product

Answer

To document engineering changes to existing designs

Answer

To calculate the cost of a finished product

Question 2

Which forecasting method calculates the average of the most recent 'n' periods?

Accepted Answer

Simple moving average

Answer

Exponential smoothing

Answer

Regression analysis

Answer

Delphi method

Question 3

Mean Absolute Deviation (MAD) is used in forecasting to measure:

Accepted Answer

The average absolute difference between forecasted and actual demand

Answer

The trend direction of demand

Answer

The seasonal index for a product

Answer

The correlation between two demand patterns

Question 4

What does a 'tracking signal' in forecasting detect?

Accepted Answer

Whether forecasts are consistently biased in one direction

Answer

Seasonal patterns in demand

Answer

The rate of demand growth

Answer

The standard deviation of demand

Question 5

In master planning, 'time phasing' means:

Accepted Answer

Scheduling supply and demand across specific future time periods

Answer

Grouping all demand into a single bucket

Answer

Reducing lead times through process improvement

Answer

Calculating cumulative lead times

Question 6

Which of the following best describes 'collaborative planning, forecasting, and replenishment' (CPFR)?

Accepted Answer

A process where trading partners jointly develop demand forecasts and replenishment plans

Answer

An internal S&OP process between sales and manufacturing

Answer

A method for optimizing warehouse storage locations

Answer

A technique for reducing manufacturing cycle times