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CPIM > CPIM Part 1, Module 1 - Supply chain overview > Flashcards

CPIM Part 1, Module 1 - Supply chain overview Flashcards

1
Q

What is a strategic plan?

A

The plan for how to marshal and determine actions to support mission, goals and objectives of an organization

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2
Q

What is product differentiation?

A

A strategy for making a product distinct from the competition on a nonprice basis

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3
Q

The specific way that goods move depends on many factors, including which four?

A
  • The type and quantity of distribution channel available for use
  • Market characteristics
  • Product characteristics
  • Available modes of transportation
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4
Q

What is the goal of production planning?

A

To set the production rates that will achieve managements objectives

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5
Q

When do you use a chase production method?

A

If it is not possible to carry stock or for perishable goods. Is used in lean to only produce what is needed

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6
Q

When do you use a level production method?

A

Often with highly seasonal products, because the cost of carrying inventory is less than to vary production levels

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7
Q

What are the three inputs of a production plan?

A
  • Forecast demand including backorders by time bucket
  • Opening inventory (backlog) if level production
  • Targeted ending inventory (backlog) if level production
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8
Q

What is a bill-of-resources?

A

A listing of the required capacity and key resources needed to manufacture one unit of a selected item or family

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9
Q

What are the six goals of an pre-S&OP meeting?

A
  • Make decisions regarding demand and supply levels
  • Reconcile differing recommendations to generate a single action
  • Identify issues that cannot be reconciled
  • Generate alternate action plans for consideration
  • Set the agenda for the executive meeting
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10
Q

What is advanced planning and scheduling?

A

Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate and long term time periods

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11
Q

What are the five parts of a APS system?

A
  • Demand planning
  • Production planning
  • Production scheduling
  • Distribution planning
  • Transportation planning
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12
Q

What is delivery lead time?

A

The time from the receipt of a customer order to the delivery of the product

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13
Q

What is supplier lead time?

A

The amount of time that normally elapses between the time an order is received by a supplier and the time the order is shipped

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14
Q

What is procurement lead time?

A

The time required to design a product, modify or design equipment, conduct market research and obtain all needed materials

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15
Q

What is purchasing lead time?

A

The total lead time required to obtain a purchased item

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16
Q

What is manufacturing lead time?

A

The total time required to manufacture an item, exclusive of lower-level purchasing lead time

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17
Q

What are the two flow process types?

A
  • Continuous
  • Line
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18
Q

What are the two intermitted process types?

A
  • Work center
  • Batch
19
Q

What are the five manufacturing process types?

A
  1. Continuous
  2. Line
  3. Batch
  4. Work center
  5. Project
20
Q

What are the four manufacturing process layouts?

A
  1. Product - based
  2. Cellular
  3. Functional
  4. Fixed position
21
Q

What is the difference between work center and batch?

A

Batch is for higher production volumes. Lots or batches are larger, and the flow between the chain of activities is optimized

22
Q

What is the balanced scorecard and what are the four domains?

A

It is a list of financial and operational measurements used to evaluate organizational or supply chain performance. The dimensions are: Customer perspective, business process, financial perspective, innovation and learning perspective

23
Q

What is the united nations global compact?

A

It is a voluntary certification kind of thing that provides principles regarding:
- Human rights
- Labor
- Environment protection
- Anti-corruption

24
Q

What are the six steps of the UN global compact model?

A
  1. Commit
  2. Assess
  3. Define
  4. Implement
  5. Measure
  6. Communicate
25
Q

What are the four types of legal / regulatory risks?

A
  • Compliance risk
  • Contract risk
  • Trademark / patent infringement
  • Bribery and corruption
26
Q

What are the four steps in a CPFR planning cycle?

A
  1. Review and analyze past plans and performance
  2. Work with partners on forecasts and resolve conflicts for future
  3. Review plans with regard to expected demand
  4. Commit to the supply plan and order forecast
27
Q

What is a service?

A

Sometimes used to describe those activities that support the production or distribution functions in any organization, such as customer service and field service

28
Q

What are the five sources of independent demand?

A
  • Forecasts
  • End customers
  • Replenishment orders
  • Interplant demand
  • Internal use
29
Q

What are the four patterns in demand?

A
  • Seasonality: A predictable repetitive pattern of demand measured within a year where demand grows and declines
  • Trend: General upward or downward movement over time
  • Cycle: Patterns observed in the growth and recession of economies over years
  • Random variation: Any variation left after the seasonality and trend has been accounted for
30
Q

What are the ten steps of creating a forecast?

A
  1. Determine purpose
  2. Set level of aggregation and units to measure
  3. Select horizon and planning bucket
  4. Gather and visualize the data
  5. Choose forecasting technique
  6. prepare the data for the technique
  7. Test the forecast using historical data
  8. Forecast
  9. Achieve consensus on forecast
  10. Continuously improve
31
Q

What is a backorder?

A

An unfilled customer order or commitment. A backorder is an immediate demand against an item whose inventory is insufficient to satisfy the demand

32
Q

What are the four principles of data collection?

A
  • The data should be collected in the format in which it will be used
  • Record any circumstances or events related to the data
  • Separate demand by customer segment
  • Remove seasonality from data, and add back later
33
Q

What are the steps for deseasonalization, forecasting and adding back seasonality?

A
  1. Calculate the period average demand
  2. Calculate the average demand for all periods
  3. Calculate seasonal index for all periods
  4. Calculate deseasonalized demand
  5. Forecast with deseasonalized demand
  6. Apply the proper seasonal index to the forecast
34
Q

What is a panel consensus forecasting technique?

A

A judgmental forecasting technique by which a committee, sales or group of experts arrive at a sales estimate

35
Q

What is the delphi method?

A

A qualitative forecasting technique where the opinions of experts are combined in a series of iterations

36
Q

What is an extrinsic forecasting technique?

A

A forecasting method using a correlated leading indicator; for example, estimating furniture sales based on housing starts

37
Q

What is a leading indicator?

A

A specific business activity that indicates future trends

38
Q

What is an intrinsic (time-series) forecasting technique?

A

A forecast based on internal factors, such as an average of past sales

39
Q

What is naive forecasting?

A

Thinking that the prior periods will simply repeat

40
Q

What is exponential smoothing?

A

A forecasting method where more weight is given to the most recent demand

41
Q

What is bias?

A

A consistent deviation from the mean in one direction

42
Q

What does a positive forecast deviation entail? And what about a negative?

A

Positive means there was a shortfall in production and negative means overproduction

43
Q

What is mean average deviation?

A

The average of absolute values of the deviations of observed values from some expected value. Alternative: calculate absolute deviation from actual sales minus forecast data

44
Q

What is a tracking signal and what is it used for?

A

The ratio of cumulative algebraic sum of deviations between the forecast and the actual values of the mean absolute deviation. Used to signal when the validity of the forecasting method might be in doubt

CPIM (11 decks)

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