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

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), ...

CIPS L4M7 Whole Life Asset ManagementCauses of Obsolescence - correct answer Technical Change Cultural Change Legislation 2D Barcode - correct answer Types of Stock - correct answer Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - correct answer Technical Change Cultural Change Legislation Causes of Redundancy - correct answer Poor Forecasting if Demand Cancelled Orders due to Poor Rel...

Woodshop Safety Questions and Answers Already Passed Safety instructions must be given before you are allowed to work on or operate any machine or ______. tool You are not permitted to work on any equipment or machine if the ________ is not present. teacher Guards and safety devices must be on all machines during ______. operation Machinery must not be oiled or adjusted while in ______. use A machine must be started and stopped only by the ______. operator Do not leave a mac...

CSCP Module 1 Exam Questions & Answers 2023/2024 Decoupling - ANSWER-Creating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - ANSWER-The difference between total revenue and cost of goods sold optimization - ANSWER-Achieving the best possible solution to a problem in terms of a spe...

L4M7 - Chapter 2: Exam Review Questions and answers, VERIFIED/ Examples of opening stock - -- raw materials at the start of the maufacturing process - Items in a store which are completed and ready for despatch Factors that show how much stock needs to be held at each stage - -- Must be sufficient raw materials and components to ensure that the production can be kept running at its optimal efficiency level without disruptions or downtime - Work in progress should be literally 'in prog...

Inventory - Answer Supply of resources; materials, goods, and commodities Raw Material - Answer A good purchased at basic form in order to go into another good being made Work in Process - Answer Inventory being turned into final product; various stages Bottleneck - Answer Slowest part of work in process determines maximum amount of capacity; inventory builds up Finished Goods - Answer Final product of production process; value added; available for sale Safety Stock...

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 Correct Solutions. Aggregate Production Planning Section 8 Questions: 6 Conceptual 2 Quantitative Aggregate Production Planning (APP) A managerial statement of time-phased production rates, workforce levels, and inventory investment, which takes into account customer requirements and capacity limitations. APP..... Helps you attain in the best way possible the objective(s) set. Characteristics of Aggregate Production Planning 1. Aggregate 2. T...

P370 Final Exam Questions With Correct Solutions. Aggregate Production Planning Section 8 Questions: 6 Conceptual 2 Quantitative Aggregate Production Planning (APP) A managerial statement of time-phased production rates, workforce levels, and inventory investment, which takes into account customer requirements and capacity limitations. APP..... Helps you attain in the best way possible the objective(s) set. Characteristics of Aggregate Production Planning 1. Aggregate 2. T...

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...