APICS CPIM Exam
Certified in Production and Inventory Management (Page 19 )

Updated On: 30-Jan-2026

The systematic use of techniques that identify a required function, establish a value for that function, and finally provide that function at the lowest overall cost, is known as:

  1. Functional analysis
  2. Specification analysis
  3. Quality analysis
  4. Value analysis

Answer(s): D



Functional specification can be described by a combination of:

  1. Brand
  2. Engineering drawings
  3. Miscellaneous
  4. All of the above

Answer(s): D



Which of the following are the two sources of specifications?

  1. Seller specification & Standard specification
  2. Buyer specification & Buyer specification
  3. Buyer specification & Standard specification
  4. Standard specification & Engineering specification

Answer(s): C



An index of the relative priority of an order to other orders at a work center is referred to
as:

  1. Aspect ratio
  2. Critical ratio
  3. Priority ratio
  4. Schedule ratio

Answer(s): B



What represents the master schedule for the operation, which is focused around the pace of throughput as defined by the constraint?

  1. Drum
  2. Buffer
  3. Rope
  4. None of the above

Answer(s): A



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