APICS CSCP MODULE 2 Questions and Correct Answers

APICS CSCP MODULE 2 Questions and Correct Answers Alliance development - Correct Answer Strengthening the capabilities of a key supplier. Anticipation inventories - Correct Answer Additional inventories above basic pipeline stock to cover projected trends of increasing sales, planned sales promotion programs, seasonal fluctuations, plant shutdowns, and vacations. Assemble-to-order - Correct Answer A production environment where a good or service can be assembled after receipt of a customer's order. The key components (bulk, semi-finished, intermediate, subassembly, fabricated, purchased, packing, and so on) used in the assembly or finishing process are planned and usually stocked in anticipation of a customer order. Receipt of an order initiates assembly of the customized product. This strategy is useful where a large number of end products (based on the selection of options and accessories) can be assembled from common components Automatic identification and data capture (AIDC) - Correct Answer A set of technologies that collect data about objects and then send these data to a computer without human intervention. Examples include radio frequency wireless devices and terminals, bar code scanners, and smart cards. Blanket purchase order - Correct Answer A long-term commitment to a supplier for material against which short-term releases will be generated to satisfy requirements. Often these cover only one item with predetermined delivery dates. Business intelligence - Correct Answer Information collected by an organization on customers, competitors, products or services, and