Apic - Study guides, Class notes & Summaries
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APICS EXAM 1 QUESTIONS AND ANSWERS
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APICS EXAM 1 QUESTIONS AND ANSWERS
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APIC CBIC STUDY PREP- LATEST UPDATE
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APIC CBIC STUDY PREP- LATEST UPDATE
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APICS CPIM Exam 1 Questions & Answers 2024/2025
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APICS CPIM Exam 1 Questions & Answers 2024/2025 
 
 
ABC classification - ANSWERSProcess 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...
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APICS CSCP EXAM 2024/2025 WITH 100% ACCURATE ANSWERS
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APICS CSCP EXAM 2024/2025 WITH 100% ACCURATE ANSWERS
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APICS CPIM Exam 1 2024 with 100% correct answers
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ABC classification - correct 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 to the low dollar volume items (C class) than the hig...
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APICS CPIM Exam 1 Key Terms
- Exam (elaborations) • 63 pages • 2023
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ABC classification CORRECT 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 to the low dollar volume items (C class) than the higher ...
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APICS CPIM MODULE 1 EXAM QUESTIONS & ANSWERS 2024/2025
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APICS CPIM MODULE 1 EXAM QUESTIONS & ANSWERS 2024/2025 
 
 
strategic plan - ANSWERSexamines "how to marshal and determine actions to support the mission, goals, and objectives of an organization 
 
business plan - ANSWERSa statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow (source and application of funds) statement 
 
manufacturing planning hierarchy - ANSWERSSMR, MPR, DSP, ECO 
 
competitive adv...
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APICS EXAM 3 DETAIL SCHEDULING - LENNIE MIZE-
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APICS EXAM 3 DETAIL SCHEDULING - LENNIE MIZE-
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APICS CSCP 2020 Module 1 Section B Rated A+
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APICS CSCP 2020 Module 1 Section B 
 
Rated A+ 
 
Demand Shaping The 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) A computer application designed to manage and 
optimize workflows and the storage of goods within a warehouse. Often interfaces with 
automated data capture and enterprise resources planning sy...
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APICS-CPIM Exam 1 Questions & Answers 2024/2025
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APICS-CPIM Exam 1 Questions & Answers 2024/2025 
 
 
t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANSWERSfalse 
 
Which of the following are aspects of ERP systems? 
1. Multifunctional- able to provide data concerning many parts of the firm 
2. Modular- able to combine selected components into a single system 
3. Independent- each functional area has its own system and data and maintains control of that system and data - ANSWERS1 and 2...
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