Apics cpim module Study guides, Class notes & Summaries

APICS CPIM Exam Part 2 Module 2 Questions and Answers with Complete Solutions 100% Verified

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 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), ...

APICS CPIM Exam Part 2 Module 2

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 Exam Part 2 Module 2 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 the relationship b...

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 - 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 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...