Apics module 1 exam - Study guides, Class notes & Summaries

APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024 inventory - answerThose stocks or items used to support production (raw materials and work-in-process items), supporting activities (maintenance, repair, and operating supplies), and customer service (finished goods and spare parts). Demand for inventory may be dependent or independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, buffer, or reserve), transportation (pipeline), ...

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...

APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024 inventory - answerThose stocks or items used to support production (raw materials and work-in-process items), supporting activities (maintenance, repair, and operating supplies), and customer service (finished goods and spare parts). Demand for inventory may be dependent or independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, buffer, or reserve), transportation (pipeline), ...

APICS CSCP 2020 Module 1 Exam Questions With Verified Answers Demand Shaping - answerThe practice of using the 4 Ps (product, pricing, placement, promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply. Warehouse Management System (WMS) - answerA computer application designed to manage and optimize workflows and the storage of goods within a warehouse. Often interfaces with automated data capture and ente...

APICS CSCP Module 1 Exam Questions With Verified Answers Stage 1 - Multiple Disfunction - answer-Reactive Supply Chain -Forecasting mostly guesswork -Minimal competitive or connectivity technologies -MRP at a basic level Stage 2 - Semifunctional Enterprise - answer-Reactive efficient supply chain -NO partnerships with customers and suppliers -Begins initiatives to improve effectiveness, efficiency -Places greater importance on connectivity technology -Siloed Stage 3 - Integrated Enter...

APICS CSCP Module 1 Exam Questions With Verified Answers Stage 1 - Multiple Disfunction - answer-Reactive Supply Chain -Forecasting mostly guesswork -Minimal competitive or connectivity technologies -MRP at a basic level Stage 2 - Semifunctional Enterprise - answer-Reactive efficient supply chain -NO partnerships with customers and suppliers -Begins initiatives to improve effectiveness, efficiency -Places greater importance on connectivity technology -Siloed Stage 3 - Integrated Enter...

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...

APICS CSCP Module 1 Exam Questions With Verified Answers Stage 1 - Multiple Disfunction - answer-Reactive Supply Chain -Forecasting mostly guesswork -Minimal competitive or connectivity technologies -MRP at a basic level Stage 2 - Semifunctional Enterprise - answer-Reactive efficient supply chain -NO partnerships with customers and suppliers -Begins initiatives to improve effectiveness, efficiency -Places greater importance on connectivity technology -Siloed Stage 3 - Integrated Enter...

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...

APICS CSCP 2020 Module 1 Exam Questions With Verified Answers Demand Shaping - answerThe practice of using the 4 Ps (product, pricing, placement, promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply. Warehouse Management System (WMS) - answerA computer application designed to manage and optimize workflows and the storage of goods within a warehouse. Often interfaces with automated data capture and ente...