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CPIM - Basics of Supply Chain Management Questions and Answers

Question 17

Which of the following inventory classifications would include semi-finished goods at an outside supplier?

Maintenance, repair, and operating supplies

Finished goods

Raw materials

Work in process

Question 18

The question below is based on the following information:

What is the average annual transit inventory in units?

110

548

658

Question 19

Which of the following production environment strategies requires unique design or significant customization?

Make-to-order

Assemble-to-order

Make-to-stock

Engineer-to-order

Question 20

Which of the following items is considered an external failure cost?

Warranty cost

Incoming inspection

Prevention cost

Appraisal cost