Apics part 1 module 1 - Study guides, Class notes & Summaries
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APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024
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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...
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APICS CPIM PART 1 V7 MODULE 5 STUDY GUIDE 2023
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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 of the dollar volume. The [third] class contains 60 per...
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APICS CPIM Exam Part 2 Module 2 | updated 2023/24
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APICS CPIM Exam Part 2 Module 2 | updated 2023/24 
 
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 th...
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APICS CPIM PART 1 V7 MODULE 5 2022 new exam solution
- Exam (elaborations) • 15 pages • 2022
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APICS CPIM PART 1 V7 MODULE 5 2022 new exam solution
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APICS CPIM - Part 1 Module 5 EXAM 2023 WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 13 pages • 2023
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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? 
0.511 times 
 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = (Inventory at Period Start + Inventory at Period End)/2. Since the inventory at the end of the last year will be the s...
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