Apics exam 3 questions - Study guides, Class notes & Summaries

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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 CPIM Exam 1 Questions & Answers 2024/2025 ABC classification - ANSWERSProcess 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...

ASCM CSCP APICS Exam Questions & Answers 2024/2025 Active Tag - ANSWERSA radio frequency identification tag that broadcasts information and contains its own power source. See: Radio Frequency Identification Advanced Planning and Scheduling (APS) - ANSWERSTechniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods. APS describes any computer program that uses advanced mathematical algorithms or logic to perform ...

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 CSCP Module 3 Exam Questions With Verified Answers Cycle Time - answer1) In industrial engineering, the time between the completion of two discrete units of product. EX: [if] motors [are] assembled at a rate of 120 per hour, [this] is 30 seconds. 2) In materials management, the length of time from when material enters a production facility until it exits. Syn: throughput time Inventory Velocity - answerThe speed which inventory passes through an organization or supply chain at a g...

APICS CSCP Module 3 Exam Questions With Verified Answers Cycle Time - answer1) In industrial engineering, the time between the completion of two discrete units of product. EX: [if] motors [are] assembled at a rate of 120 per hour, [this] is 30 seconds. 2) In materials management, the length of time from when material enters a production facility until it exits. Syn: throughput time Inventory Velocity - answerThe speed which inventory passes through an organization or supply chain at a g...

APICS CSCP Module 3 Exam Questions With Verified Answers ISO 14000 Series Standards - answerA series of generic environmental management standards, developed by the International Organization for Standardization, that provide structure and systems for managing environmental compliance with legislative and regulatory requirements and affect every aspect of a company's environmental operations. Environmental Responsible Manufacturing - answerA collection of manufacturing activities that in...

APICS CSCP Module 3 Exam Questions With Verified Answers ISO 14000 Series Standards - answerA series of generic environmental management standards, developed by the International Organization for Standardization, that provide structure and systems for managing environmental compliance with legislative and regulatory requirements and affect every aspect of a company's environmental operations. Environmental Responsible Manufacturing - answerA collection of manufacturing activities that in...

APICS CSCP Module 1 Exam Questions With Verified Answers Stage 1 - Multiple Disfunction - answer-Reactive Supply Chain -Forecasting mostly guesswork -Minimal competitive or connectivity technologies -MRP at a basic level Stage 2 - Semifunctional Enterprise - answer-Reactive efficient supply chain -NO partnerships with customers and suppliers -Begins initiatives to improve effectiveness, efficiency -Places greater importance on connectivity technology -Siloed Stage 3 - Integrated Enter...