Cpim exam 1 - Study guides, Class notes & Summaries

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APICS CPIM Exam 1 | updated edition 2023/24 ABC classification - 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 volu...

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APIC CPIM Practice Exam Part 1 Questions & Answers 2024/2025 The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - ANSWERScustomer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and admini...

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APICS CPIM MODULE 1 EXAM QUESTIONS & ANSWERS 2024/2025 strategic plan - ANSWERSexamines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan - ANSWERSa statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow (source and application of funds) statement manufacturing planning hierarchy - ANSWERSSMR, MPR, DSP, ECO competitive adv...

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CPIM Exam Part 1 Questions & Answers 2024/2025 Supply Chain Management - ANSWERSThe design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally Value Chain Analysis - ANSWERSAn examination of all links a company uses to produce and deliver its products and services, starting from the origi...