APICS CPIM Exam
Certified in Production and Inventory Management (Page 9 )

Updated On: 30-Jan-2026

A simple system that signals the need for more products is known as:

  1. Lot-for-more system
  2. Kanban system
  3. Manifesto system
  4. Demanding system

Answer(s): B



A continual account of inventory transactions as they occur and at any instant, it holds an up-to-date record of transaction is called:

  1. Advanced inventory record
  2. state-of-the-art record
  3. Perpetual inventory record
  4. All of the above

Answer(s): C



The number of time an item is counted in a year is called its count frequency.

  1. True
  2. False

Answer(s): A



The movement and storage of goods from suppliers to manufacturing is known as:

  1. Physical supply
  2. Distribution
  3. Goods Flow
  4. Trading

Answer(s): A



The movement and storage of finished goods from end of production to the customer is called:

  1. Physical supply
  2. Physical distribution
  3. Physical associate
  4. Physical channel

Answer(s): B



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