QUESTION: 53

A company that uses concurrent engineering is likely to experience which of the following outcomes in the first period of a product's life cycle?

Fewer product design changes
An increase in obsolete inventory
More accurate forecasting
Conflicts between purchasing and engineering

Answer(s): A

Explanation:

Concurrent engineering is a method of designing and developing products in which the different stages run simultaneously, rather than consecutively. It decreases product development time and also the number of errors and rework. By involving all the relevant stakeholders, such as engineering, manufacturing, marketing, and purchasing, in the design process from the beginning, concurrent engineering reduces the need for product design changes later in the product life cycle.

Reference:

* APICS CPIM Part 2 Exam Content Manual, p. 15
* [APICS CPIM Learning System Version 8.0], Module 2, Section B, p. 2-17

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QUESTION: 54

The primary purpose for engaging in cycle count activities is to:

eliminate the need for a traditional physical inventory count.
more frequently reconcile the actual on-hand and system on-hand for items.
smooth out the tasks of counting inventory throughout the fiscal year.
improve material handling processes and reduce or eliminate errors.

Answer(s): B

Explanation:

Cycle count is an inventory management technique that involves counting a subset of inventory items on a regular basis, usually based on some sampling criteria. The primary purpose of cycle count is to more frequently reconcile the actual on-hand and system on-hand for items, which helps to ensure inventory accuracy, identify and correct errors, and avoid stockouts or overstocking. Cycle count does not eliminate the need for a traditional physical inventory count, but it can reduce its frequency and disruption. Cycle count also does not smooth out the tasks of counting inventory throughout the fiscal year, but rather distributes them according to a predetermined schedule. Cycle count may indirectly improve material handling processes and reduce or eliminate errors, but this is not its primary purpose.

Reference:

* What is cycle count in inventory management?
* Inventory Cycle Counting 101: Best Practices & Benefits
* Understanding The Cycle Count In Inventory Management
* What is Inventory Cycle Counting?: A 2023 Guide
* Cycle Count: Everything A Warehouse Manager Should Know
* [CPIM Part 2 Exam Content Manual], p. 40

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QUESTION: 55

Which of the following inventory management techniques is most responsive to changes in demand levels?

Two-bin system
Periodic review system
Cycle counting
ABC classification

Answer(s): B

Explanation:

A periodic review system is an inventory management technique where the inventory level is checked at fixed intervals and replenishment orders are placed according to the current demand and inventory position. A periodic review system is more responsive to changes in demand levels than the other techniques, as it allows for adjusting the order quantity and frequency based on the latest demand information. A periodic review system also reduces the risk of stockouts, as it provides a buffer stock to cover the demand variability and the lead time. A periodic review system is suitable for items that have low holding costs, high ordering costs, or unpredictable demand patterns.

Reference:

Periodic Review System - Inventory Management - MBA Knowledge Base, Inventory

Management: How to Organize and Plan Effectively - G2

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QUESTION: 56

We have observed the inventory system does not handle plastic parts well." What should be added to the problem statement to make it more useful?

Measurements that help describe the problem
Guidance to which problem-solving tools should be used
Criteria for selecting the improvement team
Description of who is responsible for the problem

Answer(s): A

Explanation:

A problem statement is a concise description of an issue to be addressed or a condition to be improved upon. It identifies the gap between the current state and the desired state of a process or a system. A good problem statement should include measurements that help describe the problem, such as the magnitude, frequency, location, and impact of the problem. These measurements can help quantify the problem and provide a baseline for improvement. The other options are not essential for a problem statement, but rather for the subsequent steps of problem-solving, such as selecting tools, forming teams, and assigning responsibilities.

Reference:

* [CPIM Part 2 - Section B - Topic 1 - Quality and Continuous Improvement]
* How to Write a Problem Statement

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