Cpim stuvia - Study guides, Class notes & Summaries
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APICS CPIM Exam Part 2 Module 2 Questions With Correct Answers
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decoupling point - Answer point at which inventory is stored, which allows supply chain to operate independently 
 
mass customization - Answer 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 - Answer selects a line of best fit through a plot of data to minimize the sum of square of the deviations 
 
multiple regression model - Answer an equation that describes the relationship between ...
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CPIM Part 2 Module 2 Formulas Exam Questions With Correct Answers
- Exam (elaborations) • 3 pages • 2024
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Regression Analysis: Slope Intercept Formula - Answer y = mx + b 
r is the coefficientof correlation 
 
Trend Line - Answer y = mx + b 
Where: 
y=Trend 
x=Period 
b=y intercept 
 
Trend-Adjusted Seasonal Factor Process - Answer 1. Actual Trend Ratio: Actual / Trend, for each period 
2. Calculate Trend-Adjusted Seasonal Indices: Average all periods' Actual-Trend Ratios 
3. Calculate Trend-Adjusted Seasonal Forecast: Period's Trend-Adjusted Seasonal Index x Trend Value 
 
Mean Squared Error - A...
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APICS CPIM BSCM Session 8 Test Questions With Verified Answer
- Exam (elaborations) • 4 pages • 2024
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to obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? 
 
a. to keep many sources ofsupply available to ensure competitive pricing 
 
b. to control budgetary expenditures ofall employees through sound PO control 
 
c. to obtain goods and services of the required quality and right cost 
 
d. to ensure that goods are always purchased at the lowest price 
 
purchase requisition - Answer In a purchasing system, which of the ...
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