Apics cpim part 2 with Study guides, Class notes & Summaries

APICS CPIM Part 1, Module 5|Complete With A+ Graded Answers Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This year's annual COGS was $2,300,000. What is this year's inventory turnover? 0.511 times EXPLANATION: Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = (Inventory at Period Start + Inventory at Period End)/2. ...

APICS CPIM Part 1 Questions and Answers Pareto Chart -Answer-graphical tool used for ranking causes from most to least significant TQM: Employee Involvement -Answer-TQM is everyone's responsivbility and this means everyone needs to commit to not only doing their jobs but improving. Cross-training, training on quality, training problem solving and root cause analysis achieve this goal Voice of the Customer -Answer-The actual customer descriptions in words for the functions and features the...

APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024 decoupling point - answerpoint at which inventory is stored, which allows supply chain to operate independently mass customization - answercreation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items least squares method - answerselects a line of best fit through a plot of data to minimize the sum of square of the deviations multiple regressio...

APICS CPIM Exam Part 2 Questions With 100% Correct Answers 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes - answerSteps to identify Root Cause can use finite capacity planning - answerhow APS is different from traditional PS demand-pull originates with the customer - answerlean production methods all inventories decrease - answerwith total quality management master planning - answerDRP should directly interface with senior management to influenc...

APICS CPIM Exam Part 2 Questions With 100% Correct Answers 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes - answerSteps to identify Root Cause can use finite capacity planning - answerhow APS is different from traditional PS demand-pull originates with the customer - answerlean production methods all inventories decrease - answerwith total quality management master planning - answerDRP should directly interface with senior management to influenc...

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14 Points - Answer W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - Answer A means of compactly describing a business process Abnormal Demand - Answer Demand in any period that is outside the limits established by management policy Absorption Costing - Answer An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit production. Acceptable Quality Level (AQL) - Ans...

APICS CPIM Exam Part 2|Complete Questions with A+ Graded Answers 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes Steps to identify Root Cause can use finite capacity planning how APS is different from traditional PS demand-pull originates with the customer lean production methods all inventories decrease with total quality management master planning DRP should directly interface with senior management to influence the aggre...

APICS CPIM Exam Part 2 (Practice Exam Questions) Answered to Score A+ 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes -Answer- Steps to identify Root Cause can use finite capacity planning -Answer-how APS is different from traditional PS demand-pull originates with the customer -Answer-lean production methods all inventories decrease -Answer-with total quality management master planning -Answer-DRP should directly interface with senior management...

APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024 decoupling point - answerpoint at which inventory is stored, which allows supply chain to operate independently mass customization - answercreation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items least squares method - answerselects a line of best fit through a plot of data to minimize the sum of square of the deviations multiple regressio...