Planned order receipts - Study guides, Class notes & Summaries

CPIM Part 1 Formulas Break-Even in Units (Fixed Cost)/(Price per Unit - Variable Cost per Unit) Deseasonalized Demand (Period Average Demand)/(Seasonal Index) Period Seasonal Index (Period Average)/(Combined Period Average) (Ex: Quarter Avg / Year Avg) Moving Average Forecast (Sum of Demand for Most Recent Set of Periods)/(Number of Periods) Exponential Smoothing Forecast (αLast Demand)+((1-α)Last Forecast) Mean Absolute Deviation (MAD) (Σ |Actual - Forecast|)/...

CSCP Exam Questions With 100% Verified Answers Available-to-promise (ATP) - answer1) In operations, the uncommitted portion of a company's inventory and planned production maintained in the master schedule to support customer-order promising. [This] quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled. In the first period, [this] includes on-hand inventory less customer orders that are due and ove...

ABC classification - Answer Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher dollar...

SAP Certification Practice Exam SAP Certification Practice Exam Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - ANS - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - ANS - Warehouse number What happens when w...

A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected. Which two statistical process control (SPC) tools should the team use? Cause-and-effect diagrams Scatter diagrams Histograms Run charts Check sheets Pareto charts Control charts Answer: Run charts Control charts Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? Performance Reliability Features S...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Operations in the service and manufacturing sectors operate independently from each other in creating a value chain that ultimately brings products to customers. False. The service sector depends on the manufacturing sector in many ways and their value chain is tightly linked. Service providers do not produce products because they are not part of the manufacturing sector False. The final output for both producers of goods and producers of services represent a good or service, both of wh...

Why would the company use this check sheet? To develop a Pareto chart identifying the root causes of engine defects Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? Durability A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected. Which two statistical process control (SPC) tools should the team use? Run charts and Control charts The CEO of a s...

You are developing a new sales system that will process the video and text from a public-facing website. You plan to notify users that their data has been processed by the sales system. Which responsible AI principle does this help meet? A. transparency B. fairness C. inclusiveness D. reliability and safety D Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some ques...

Channel stuffing is a fraud in the revenue cycle that involves recording revenue after a customer has requested to purchase the inventory. False If the contract stipulates more than one deliverable, the client must allocate a separate price to each deliverable. True Under the FASB's guidance on revenue recognition, which of the following is not a criteria that must be met in order for a contract to exist? a. The parties have approved it. b. The auditor has ensured that the...