Apics cpim part 2 with Study guides, Class notes & Summaries
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APICS CPIM Exam Part 2 Module 2
- Exam (elaborations) • 3 pages • 2024
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APICS CPIM Exam Part 2 Module 2 
decoupling point 
point at which inventory is stored, which allows supply chain to operate independently 
 
 
mass customization 
creation 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 
selects a line of best fit through a plot of data to minimize the sum of square of the deviations 
 
 
multiple regression model 
an equation that describes the relationship b...
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 14 pages • 2024
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS 
WITH CORRECT ANSWERS. 
ABC classification -Answer-Process of classifying items in descending order based on annual 
dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A 
represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of 
dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states 
that effort and money can be saved by applying looser controls...
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APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION
- Exam (elaborations) • 15 pages • 2023
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APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION 
 
ABC classification - The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent...
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APICS CPIM Exam Part 2 Module 2
- Exam (elaborations) • 2 pages • 2024
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APICS CPIM Exam Part 2 Module 2 
decoupling point -Answer-point at which inventory is stored, which allows supply chain to 
operate independently 
mass customization -Answer-creation 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 -Answer-selects a line of best fit through a plot of data to minimize the sum 
of square of the deviations 
multiple regression model -Answer-an equation that describes...
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APICS CPIM Part 2 EXAM 2023 WITH VERIFIED ANSWERS
- Exam (elaborations) • 37 pages • 2023
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Available in package deal
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14 Points 
W. Edwards Deming's 14 management practices to help companies increase their quality and productivity 
 
 
 
A3 Method 
A means of compactly describing a business process 
 
 
 
 
 
 
00:21 
 
01:47 
Abnormal Demand 
Demand in any period that is outside the limits established by management policy 
 
 
 
Absorption Costing 
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)...
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APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
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APICS CPIM - Part 1 Module 5 Exam 
Questions With 100% Correct 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? - answer0.511 
times 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = 
(Inventory at Period Start + Inventor...
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APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
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- $12.49
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APICS CPIM - Part 1 Module 5 Exam 
Questions With 100% Correct 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? - answer0.511 
times 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = 
(Inventory at Period Start + Inventor...
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APICS CPIM Exam 1 | updated edition 2023/24
- Exam (elaborations) • 12 pages • 2023
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APICS CPIM Exam 1 | updated edition 2023/24 
 
ABC classification - Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volu...
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APICS CPIM Exam Part 2 Module 2 | updated 2023/24
- Exam (elaborations) • 2 pages • 2023
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APICS CPIM Exam Part 2 Module 2 | updated 2023/24 
 
decoupling point - point at which inventory is stored, which allows supply chain to operate independently 
mass customization - creation 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 - selects a line of best fit through a plot of data to minimize the sum of square of the deviations 
multiple regression model - an equation that describes th...
-
APICS CPIM Part 1 Questions and Answers
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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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...
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