Safety stock buffer stock - Study guides, Class notes & Summaries

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - answerTechnical Change Cultural Change Legislation Causes of Redundancy - answerPoor Forecasting if Demand Cancelled Orders due to Poor Relationship Oversto...

APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers 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? - answer0.511 times EXPLANATION: Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = (Inventory at Period Start + Inventor...

APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024 inventory - answerThose stocks or items used to support production (raw materials and work-in-process items), supporting activities (maintenance, repair, and operating supplies), and customer service (finished goods and spare parts). Demand for inventory may be dependent or independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, buffer, or reserve), transportation (pipeline), ...

P370 Final Exam Questions with 100% Correct Answers 2024 aggregate planning production (APP) - answera managerial statement of time-purchased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations, driven by forecasted demand nature of APP - answeraggregate, time horizon, time buckets, rolling horizon, nature of business determines lower levels of planning - answer1. Master Production Scheduling (MPS) 2. Mate...

APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers 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? - answer0.511 times EXPLANATION: Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = (Inventory at Period Start + Inventor...

P370 Final Exam Questions with 100% Correct Answers 2024 aggregate planning production (APP) - answera managerial statement of time-purchased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations, driven by forecasted demand nature of APP - answeraggregate, time horizon, time buckets, rolling horizon, nature of business determines lower levels of planning - answer1. Master Production Scheduling (MPS) 2. Mate...

APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers 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? - answer0.511 times EXPLANATION: Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = (Inventory at Period Start + Inventor...

CRMP TEST 3 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. What is the statistical mode and the median of the following data (3.0, 12.0, 9.0, 4.0, 2.0, 4.0, 4.0) A. Mode = 3.0, Median = 9.0 B. Mode = 4.0, Median = 4.0 C. Mode = 4.0, Median = 4.5 D. Mode = 4.0, Median = 8.0 B. Mode = 4.0, Median = 4.0 The mode of a set of data values is the value that appears most often. in this data set (3.0, 12.0, 9.0, 4.0, 2.0, 4.0, 4.0), 4.0 is the correct answer. I would check the answer ...