CPIM Practice Exam

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Prepare for the CPIM Exam with a comprehensive quiz that features insightful questions and real-time feedback. Enhance your knowledge and understanding of inventory and production management to pass your certification test with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is periodic replenishment?

A method for instantaneous restocking of inventory
A strategy for planning irregular delivery schedules
A technique that uses evenly spaced time intervals for deliveries
A process of ordering only at end of month

The correct answer is: A technique that uses evenly spaced time intervals for deliveries

Periodic replenishment refers to a technique that schedules inventory deliveries or stock replenishments at evenly spaced time intervals. This strategy allows organizations to maintain inventory levels efficiently by planning deliveries based on a fixed time schedule rather than fluctuating demand. By using this method, businesses can manage inventory effectively, reducing the likelihood of stockouts while also simplifying the ordering process. The focus on evenly spaced intervals is key, as it enables a predictable rhythm for managing stock. This can be particularly advantageous for businesses with stable, albeit varying, demand patterns, as it helps in planning and managing inventory without the need for constant adjustments based on daily or immediate needs.