CPIM Practice Exam

In the context of Master Scheduling, what is meant by 'resolving differences'?

1. Balancing supply and demand without adjustments

2. Identifying and correcting discrepancies in production plans

3. Establishing new supplier contracts

4. All of the above

The correct answer is: Identifying and correcting discrepancies in production plans

In the context of Master Scheduling, 'resolving differences' specifically refers to the process of identifying and correcting discrepancies in production plans. This involves analyzing variances between what was planned versus what is actually occurring in terms of production capacity, inventory levels, and customer demand. By addressing these discrepancies, businesses can ensure that their production schedules align more closely with actual requirements, thereby enhancing operational efficiency. Balancing supply and demand without adjustments pertains to keeping an equilibrium between what is manufactured and what is needed without making changes, which does not directly capture the essence of resolving differences. Establishing new supplier contracts is part of supply chain management but is not specifically related to the resolution of differences in the Master Scheduling context. Therefore, identifying and correcting discrepancies is the most accurate interpretation of 'resolving differences,' emphasizing the importance of aligning plans with real-world data.