Semifinished goods - Study guides, Class notes & Summaries

Primary level correct answers growers and producers of the raw materials of fashion (cotton farmers and weaving mills) secondary level correct answers composed of industries - manufacturers and contractors - that produce the semifinished or finished fashion goods from the materials supplied by the primary level retail level correct answers those who buy goods from the secondary level and sell to consumers (i.e., department and specialty stores) auxiliary level correct answers composed o...

CIPS L4M2 Defining Business Need Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item for the first time Examples of straight rebuy purchases Utilities (gas, water, electricity) MRO ( Maintenance, repair and operating item...

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...

APICS CPIM MODULE 3 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...

Activities involved in global transportation can be grouped by focus into 3 groups - 1. Transaction channel: point of ownership transfer, freight control, payment terms, securing payment 2. Communication channel: visibility and control of shipment w/ the right trade docs as it travels between countries 3. Distribution channel: mngmnt of risk of disruption of shipment mvmnt by optimizing use of reliable mode, carrier, and route Payment method risks - - Open account: risk is on seller - Cash...

CIPS L4M2 Defining Business Need Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item for the first time Examples of straight rebuy purchases Utilities (gas, water, electricity) MRO ( Maintenance, repair and operating item...

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...

CIPS L4M2 Defining Business Need questions correctly answered 2023Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item for the first time Examples of straight rebuy purchases Utilities (gas, water, elec...