Cpim stuvia Study guides, Class notes & Summaries

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 the relationship between ...

Regression Analysis: Slope Intercept Formula - Answer y = mx + b r is the coefficientof correlation Trend Line - Answer y = mx + b Where: y=Trend x=Period b=y intercept Trend-Adjusted Seasonal Factor Process - Answer 1. Actual Trend Ratio: Actual / Trend, for each period 2. Calculate Trend-Adjusted Seasonal Indices: Average all periods' Actual-Trend Ratios 3. Calculate Trend-Adjusted Seasonal Forecast: Period's Trend-Adjusted Seasonal Index x Trend Value Mean Squared Error - A...

to obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? a. to keep many sources ofsupply available to ensure competitive pricing b. to control budgetary expenditures ofall employees through sound PO control c. to obtain goods and services of the required quality and right cost d. to ensure that goods are always purchased at the lowest price purchase requisition - Answer In a purchasing system, which of the ...