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APICS EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS
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APICS EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS
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APICS EXAM 1 2024/2025 WITH 100%ACCURATE SOLUTIONS
Inventory is the ____ of Supply Chain - Precise Answer ✔✔life blood
Inventory Turns equation - Precise Answer ✔✔Annual COGS/ Avrg
inventory $
Matrix structure - Precise Answer ✔✔you can have more than one boss,
one product group, Team members come from different teams are also
members of the product management office
Centralized corp structure - Precise Answer ✔✔decisions are made at
the top
Appropriate response to risk (4 Parts) - Precise Answer ✔✔1. Try to
avoid risk
2. Risk acceptance
3. Risk transfer
4. Risk mitigation
Implement and monitor plan
, Job enlargement - Precise Answer ✔✔giving people more work to do
Job enrichment - Precise Answer ✔✔giving workers more authority
Job Rotation - Precise Answer ✔✔changing positions to provide broader
perspective (ex LDP Program)
Business planning - Precise Answer ✔✔Done by product families and
translated into synchronized functional plans
Current assets - Precise Answer ✔✔assets that can be spent/ used in less
than one year
Inventory ratio (aka activity ratio) - Precise Answer ✔✔COGS/ Avrg
Inventory
Fixed assets examples - Precise Answer ✔✔gross property, plant and
equipment
Payback period - Precise Answer ✔✔cost of investment/ annual cash
savings
Manufacturing costs (aka direct costs) - Precise Answer ✔✔DM, DL,
MOH
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