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

APICS CPIM Exam Part 2 Module 2 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...

APICS CPIM Exam Part 2 Module 2 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...

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...

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...

APICS CSCP Module 1 2023 Exam Questions With Correct Solutions.

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 PART 1 V7 MODULE 5 2022 new exam solution

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...