Apics exam 1 questions - 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 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 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 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS. t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data false 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 1 and 2 ERP...

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 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 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 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 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 Exam Part 2 (Practice Exam Questions) Answered to Score A+ 1. Describe problem 2. Establish cause categories 3. identify causes 4. prioritize causes -Answer- Steps to identify Root Cause can use finite capacity planning -Answer-how APS is different from traditional PS demand-pull originates with the customer -Answer-lean production methods all inventories decrease -Answer-with total quality management master planning -Answer-DRP should directly interface with senior management...