--- title: CIOP Module-11 Sample Question & Answer with Explanation description: CIOP Module-11 Sample Question & Answer with Explanation image: https://blog.fhyzics.net/hubfs/home%20appliance%20manufacturing.jpg --- ![Fhyzicslogoimage-2](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzicslogoimage-2.png?width=70&name=Fhyzicslogoimage-2.png "Fhyzicslogoimage-2") ![Fhyzicslogoimage-2](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzicslogoimage-2.png?width=70&name=Fhyzicslogoimage-2.png "Fhyzicslogoimage-2") [![Get Certified](https://no-cache.hubspot.com/cta/default/3112120/229464f9-28c1-465b-b116-8eab0815034e.png)](https://cta-redirect.hubspot.com/cta/redirect/3112120/229464f9-28c1-465b-b116-8eab0815034e) ![hero-img1](https://cdn2.hubspot.net/hub/5152923/hubfs/Creative_Theme/image/hero-img1.jpg?width=1810&name=hero-img1.jpg "hero-img1") - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&title=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation&description=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&text=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation%20-%20https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&title=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation&summary=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation) 23 May 2020 Saturday ## CIOP Module-11 Sample Question & Answer with Explanation By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [Inventory](https://blog.fhyzics.net/iiscm/tag/inventory) **0** Comments **Scenario:** The Board of Directors of a home appliance manufacturing company directed the CEO and CFO of the company to migrate from LIFO to FIFO. This migration covers inventory valuation of Raw Materials, Work-In-Process and Finished Goods and the movement of materials. To support this migration, the company would like to hire a supply chain consultant and requested a high-level scope from four consultants. **Question:** Which one of the following scopes provided by the supply chain consultants are more acceptable for the above scenario? A) Consultant-A: Commencement from the start of next financial year; review of invoices of raw materials, ABC of work-in-process and ABC of finished goods that are in stock; implementation of gravity flow rakes. B) Consultant-B: Commencement from the start of next financial year; review of invoices of raw materials, work-in-process and finished goods that were sold in the last financial year; implementation of gravity flow rakes. C) Consultant-C: Commencement from the start of the next financial year; review of purchase invoices of raw materials and FIFO software. D) Consultant-D: Immediate commencement with suitable configuration for balance sheet and income statement in the ERP. **Answer:** Consultant-A: Commencement from the start of next financial year; review of invoices of raw materials, ABC of work-in-process and ABC of finished goods that are in stock; implementation of gravity flow rakes. **Tags:** [Inventory](https://blog.fhyzics.net/iiscm/tag/inventory) Share: - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&title=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation&description=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&text=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation%20-%20https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/ciop-module-11-sample-question-answer-with-explanation&title=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation&summary=CIOP%20Module-11%20Sample%20Question%20&%20Answer%20with%20Explanation) ### Written by [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Integrated Institute of Supply Chain Management, a unit of Fhyzics Business Consultants Private Limited specialising in supply chain management consulting and education. IISCM trains and certifies SCM professionals in procurement, supply chain management, inventory, and warehousing. 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We invite supply chain professionals and students to participate in this unique competition. The details of the competition are available in the below sections. You can also download and print the poster and display it at your organisation’s or institution’s notice board for the benefit of your colleagues and students. By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [Inventory](https://blog.fhyzics.net/iiscm/tag/inventory) [**](https://blog.fhyzics.net/iiscm/gic2020) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/ciop-proctored-exam-instructions&title=CIOP%20Proctored%20Exam%20Instructions&description=CIOP%20Proctored%20Exam%20Instructions) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/ciop-proctored-exam-instructions&text=CIOP%20Proctored%20Exam%20Instructions%20-%20https://blog.fhyzics.net/iiscm/ciop-proctored-exam-instructions) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/ciop-proctored-exam-instructions&title=CIOP%20Proctored%20Exam%20Instructions&summary=CIOP%20Proctored%20Exam%20Instructions) ## [CIOP Proctored Exam Instructions](https://blog.fhyzics.net/iiscm/ciop-proctored-exam-instructions) Certified Inventory Optimization Professional examinations are online, proctored examinations. 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