APICS CPIM Exam - Topic 2 Question 42 Discussion

Actual exam question for APICS's CPIM exam

Question #: 42
Topic #: 2

[All CPIM Questions]

A systematic method by which organizations can compare their performance in a particular process to that of a ''best in class'' organization, finding out how that organization achieves those performance levels and applying them to their own organization, is called:

ABenchmarking

BAnalyzing

CStandardization

DApplicability

Show Suggested Answer

Suggested Answer: A

by Ilene at May 08, 2022, 12:43 PM

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Tawanna

4 months ago

Wait, are we sure it's not something else?

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Virgilio

4 months ago

Really? I always thought it was just about analyzing data.

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Aileen

4 months ago

Totally agree, benchmarking is key for improvement!

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Cheryl

4 months ago

I thought it was standardization.

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Rikki

5 months ago

It's definitely benchmarking!

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Vincenza

5 months ago

Hmm, I'm a bit confused. The question says the table name reference is already replaced with $(table_name), so I'm not sure why that's not working. Maybe Option D, adding a Set Variable step, could help resolve that.

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Shawna

5 months ago

Alright, let me break this down step-by-step. I think option B might be the best solution, but I'll double-check the details.

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Karan

5 months ago

Okay, let me think this through. We have the initial cost, the annual savings, and the cost of capital. I'm a bit unsure about how to calculate the profitability index, but I'll give it my best shot.

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