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

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 CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION ABC classification - The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

APICS CPIM Exam Part 2 Module 2 decoupling point point at which inventory is stored, which allows supply chain to operate independently mass customization creation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items least squares method selects a line of best fit through a plot of data to minimize the sum of square of the deviations multiple regression model an equation that describes the relationship b...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

strategic plan - Answer examines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan - Answer a 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 - Answer SMR, MPR, DSP, ECO competitive advantage - Answer the advantage a company has over its rivals ...

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 CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024 decoupling point - answerpoint at which inventory is stored, which allows supply chain to operate independently mass customization - answercreation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items least squares method - answerselects a line of best fit through a plot of data to minimize the sum of square of the deviations multiple regressio...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...