CPIM Master Planning of Resources 3

Question 1

The 'planning fence' in master scheduling separates:

Accepted Answer

Fixed and flexible portions of the schedule

Answer

Short-term and long-term financial plans

Answer

Domestic and international orders

Answer

Make-to-stock and make-to-order products

Question 2

Which demand pattern is characterized by a consistent upward or downward movement over time?

Accepted Answer

Trend

Answer

Seasonal

Answer

Cyclical

Answer

Random

Question 3

Distribution Requirements Planning (DRP) is best described as:

Accepted Answer

Time-phased planning of inventory replenishment across a distribution network

Answer

A technique for scheduling inbound supplier shipments

Answer

A method for calculating safety stock at the plant level

Answer

A system for tracking customer returns

Question 4

What is 'option overplanning' in master scheduling?

Accepted Answer

Planning option quantities greater than 100% to account for forecast uncertainty across configurations

Answer

Scheduling more capacity than needed to handle disruptions

Answer

Carrying extra raw material safety stock

Answer

Building inventory before a seasonal peak

Question 5

A 'hedge' in master planning refers to:

Accepted Answer

Inventory or capacity built in anticipation of uncertain future demand or supply events

Answer

A financial instrument to offset commodity price risk

Answer

A scheduling rule that prioritizes urgent orders

Answer

A technique for smoothing seasonal demand

Question 6

Which of the following is a primary input to the master production schedule?

Accepted Answer

The aggregate production plan

Answer

Shop floor work orders

Answer

Supplier quality ratings

Answer

Employee training records