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APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:
1. "We have observed the inventory system does not handle plastic parts well." Whatshould be added to the problemstatement to make it more useful?
A) Guidance to which problem-solving tools should be used
B) Description of who is responsible for the problem
C) Measurements that help describe the problem
D) Criteria for selecting the improvement team
2. To facilitate transportation efficiency and inventory management, companies frequently use:
A) contract carriers.
B) standardized containers.
C) automated storage/retrieval systems (AS/RS).
D) small lot sizes.
3. An advantage of applying ABC classification to a firm's replenishment items is that:
A) it provides better order quantities than the economic order quantity (EOQ]).
B) it allows planners to focus on critical products.
C) it allows the firm to utilize time-phased order point (TPOP).
D) it distinguishes independent demand from dependent demand.
4. A company with stable demand that uses exponential smoothing to forecast demand would typically use a:
A) high beta value.
B) high alpha value.
C) low alpha value.
D) low beta value.
5. A planner has chosen to increase the order point for a raw material. Which of the following costs is most likely to increase?
A) Product
B) Ordering
C) Carrying
D) Landed
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |

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