APICS CSCP questions with correct answers
The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes, called A, B, and C. The A group usually represents 10% to 20% by number of items and 50% to 70% by projected dollar volume. The next grouping, B, usually represents about 20% of the items and about 20% of the dollar volume. The C class contains 60% to 70% of the items and represents about 10% to 30% of the dollar volume. CORRECT ANSWER ABC Classification An RFID tag which broadcasts information and contains its own power source. CORRECT ANSWER Active tag Techniques that deal with analysis and planning of logistics and manufacturing over the short-, intermediate-, and longterm time periods and describe any computer program that uses advanced mathematical algorithms or logic to perform optimization or simulation on finite capacity scheduling, sourcing, capital planning, resource planning, forecasting, demand management, and others. CORRECT ANSWER Advanced planning and scheduling One who acts on behalf of another (the principal) in dealing with a third party. CORRECT ANSWER Agent
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