Apic - Study guides, Class notes & Summaries

APICS CSCP 2020 Module 1 Section B Rated A+ Demand Shaping The practice of using the 4 Ps (product, pricing, placement, promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply. Warehouse Management System (WMS) A computer application designed to manage and optimize workflows and the storage of goods within a warehouse. Often interfaces with automated data capture and enterprise resources planning sy...

ABC classification CORRECT 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 ...

APIC'S CPIM PART 1 POST TEST

APICS CPIM - PART 1 MODULE 5 EXAM 2024/2025

APICS-CPIM Exam 1 Questions & Answers 2024/2025 t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANSWERSfalse 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 - ANSWERS1 and 2...

APICS CSCP Exam Questions With 100% Verified Answers As you plan a manufactured product supply chain, what is considered the most crucial element? - answerComponent suppliers. without the base components required for the product, the rest of the suppl chain cannot operate as designed. The owner of a coal mine need power for the machinery that he uses to extract the coal. what is this and example of? - answerDoubling back. When a raw material supplier ends up using a component that they pr...

APICS CSCP Exam Questions With 100% Verified Answers As you plan a manufactured product supply chain, what is considered the most crucial element? - answerComponent suppliers. without the base components required for the product, the rest of the suppl chain cannot operate as designed. The owner of a coal mine need power for the machinery that he uses to extract the coal. what is this and example of? - answerDoubling back. When a raw material supplier ends up using a component that they pr...

APICS EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS

Airport Grants and Capital Monies (Week 6 flashcards. Covering topics relating to airport budgets, available airport grants, and other sources of airport capital monies.)

14 Points correct answers W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method correct answers A means of compactly describing a business process Abnormal Demand correct answers Demand in any period that is outside the limits established by management policy Absorption Costing correct answers An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit production. Acceptab...