CPSM INTE Exam Dumps

Vendor-managed inventory (VMI) is an effective strategy for transferring risks related to inventory carrying costs, warehousing costs, and re-stocking costs to the supplier. In VMI, the supplier manages inventory levels, ensuring that stock is replenished as needed, which reduces the manufacturer's burden of inventory management and associated risks.

The primary benefit of project governance is the structured evaluation of business cases, ensuring that projects align with strategic objectives. This scrutiny helps prioritize projects, allocate resources effectively, and set realistic timelines. By critically assessing the potential benefits and risks, organizations can ensure that projects deliver value and meet stakeholders' expectations, facilitating better decision-making and accountability in project management.

According to MRP, with a lead time of 2 weeks for Item B and current inventory insufficient to meet future demands, ordering 50 items in week 2 ensures availability for production needs in weeks 4 and beyond, following the lot-for-lot (LFL) order policy.

Implementing a Corrective Action Plan (Option C) will be most helpful in resolving the issue of scratched parts. This plan involves identifying the root cause of the problem, implementing changes to prevent recurrence, and monitoring the effectiveness of these changes. A structured approach to corrective action can address quality issues efficiently and prevent future disruptions. Reference: Quality management systems and corrective action planning.