APICS CSCP Module 3 Exam Questions With Verified Answers

APICS CSCP Module 3 Exam Questions With Verified Answers Cycle Time - answer1) In industrial engineering, the time between the completion of two discrete units of product. EX: [if] motors [are] assembled at a rate of 120 per hour, [this] is 30 seconds. 2) In materials management, the length of time from when material enters a production facility until it exits. Syn: throughput time Inventory Velocity - answerThe speed which inventory passes through an organization or supply chain at a give point in time as measured by inventory turnover. See: inventory turnover Supply Chain Visibility - answerSharing information throughout the supply chain to create transparency among supply chain partners. EX: the ability of supply chain partners to access demand and production information from trading partners Balanced Scorecard - answerA list of financial and operational measurements used to evaluate organizational or supply chain performance. The dimensions of [this] might include customer perspective, business process perspective, financial perspective, and innovation and learning perspectives. It formally connects overall objectives, strategies, and measurements. Each dimension has goals and measurements. Fill Rate - answerSyn: Customer Service Ratio Kaizen Event - answerA time-boxes set of activities carried out by the cell team during the week of cell implementation. [It] is an implementation arm of a lean manufacturing program See: kaizen blitz Kaizen - answerThe Japanese term for improvement, refers to continuing improvement involving everyone - managers and workers. In manufacturing, [this] relates to finding and eliminating waste in machinery, labor, or production methods.