ASCM APICS CSCP EXAM
QUESTIONS & VALID COMPLETE
SOLUTIONS ALL PASSED
Active Tag - Correct Answer ✔✔ A radio frequency identification tag that broadcasts
information and contains its own power source.
See: Radio Frequency Identification
Advanced Planning and Scheduling (APS) - Correct Answer ✔✔ Techniques 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 optimization or simulation on finite capacity
scheduling, sourcing, capital planning, resource planning, forecasting, demand
management, and others. These techniques simultaneously consider a range of
constraints and business rules to provide real-time planning and scheduling, decision
support, available-to-promise, and capable-to-promise capabilities. APS often generates
and evaluates multiple scenarios. Management then selects one scenario to use as the
"official plan." The five main components of APS systems are (1) demand planning, (2)
production planning, (3) production scheduling, (4) distribution planning, and (5)
transportation planning.
Agility - Correct Answer ✔✔ The ability to respond to the variability in the flow of orders
based on sales
Alliance Development - Correct Answer ✔✔ Strengthening the capabilities of a key
supplier.
The Bullwhip Effect - Correct Answer ✔✔ occurs when distorted product-demand
information ripples from one partner to the next throughout the supply chain.
Effect impacting forecast driven supply strategy
The idea that consumer irregularity in ordering lead s to wider and wider scales of
irregular ordering as you move upstream. Pattern of variability affecting all manner of
supply chains that are based on serial forecasting by each independent division or
company that touches the product as it travels from raw material to finished retail item
Business Model - Correct Answer ✔✔ An organization's plan to generate revenue and
turn profit based on its operations.
, Defines/shows how the organization will be different from competition and how it will
function
defines expenses
The "modus operandi"
Modus Operandi - Correct Answer ✔✔ Way of doing things.
Consists of: business strategy, organizational strategy, business plan, value proposition,
set of core capabilities, cost structure & revenue model
Business Plan - Correct Answer ✔✔ a formal written document that describes the
nature of a business and how it will operate
A statement of long-range strategy & revenue, costs, and profit objectives usually
accompanied by budgets, a projected balance sheet, and a cash-flow (source &
Application of funds) statement. A "BP" is usually stated in terms of $ and grouped by
product families. The business plan is then translated into synchronized tactical
functional plans through the production planning process (or the sales and operations
process) although frequently stated in different terms ($ vs. units), these tactical plans
should agree with each other and with the BP.
Business Strategy - Correct Answer ✔✔ A leadership plan that achieves a specific set
of goals or objectives. Chooses how to compete.
3 generic business strategies are:
1) Least cost
2) differentiation
3) focus
Capacity - Correct Answer ✔✔ The capability of a system to preform its expected
function
The capability of a worker, machine, work center, plant, or organization to produce
output per time period
Competitive Analysis - Correct Answer ✔✔ An analysis of a competitor that includes its
strategies, capabilities, prices and costs.
cost center - Correct Answer ✔✔ The smallest segment of an organization,
typically a department, for which costs are collected
and formally reported. The criteria in defining cost
centers are that the cost be significant and that the
area of responsibility be clearly defined. A cost center
is not necessarily identical to a work center; normally,
QUESTIONS & VALID COMPLETE
SOLUTIONS ALL PASSED
Active Tag - Correct Answer ✔✔ A radio frequency identification tag that broadcasts
information and contains its own power source.
See: Radio Frequency Identification
Advanced Planning and Scheduling (APS) - Correct Answer ✔✔ Techniques 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 optimization or simulation on finite capacity
scheduling, sourcing, capital planning, resource planning, forecasting, demand
management, and others. These techniques simultaneously consider a range of
constraints and business rules to provide real-time planning and scheduling, decision
support, available-to-promise, and capable-to-promise capabilities. APS often generates
and evaluates multiple scenarios. Management then selects one scenario to use as the
"official plan." The five main components of APS systems are (1) demand planning, (2)
production planning, (3) production scheduling, (4) distribution planning, and (5)
transportation planning.
Agility - Correct Answer ✔✔ The ability to respond to the variability in the flow of orders
based on sales
Alliance Development - Correct Answer ✔✔ Strengthening the capabilities of a key
supplier.
The Bullwhip Effect - Correct Answer ✔✔ occurs when distorted product-demand
information ripples from one partner to the next throughout the supply chain.
Effect impacting forecast driven supply strategy
The idea that consumer irregularity in ordering lead s to wider and wider scales of
irregular ordering as you move upstream. Pattern of variability affecting all manner of
supply chains that are based on serial forecasting by each independent division or
company that touches the product as it travels from raw material to finished retail item
Business Model - Correct Answer ✔✔ An organization's plan to generate revenue and
turn profit based on its operations.
, Defines/shows how the organization will be different from competition and how it will
function
defines expenses
The "modus operandi"
Modus Operandi - Correct Answer ✔✔ Way of doing things.
Consists of: business strategy, organizational strategy, business plan, value proposition,
set of core capabilities, cost structure & revenue model
Business Plan - Correct Answer ✔✔ a formal written document that describes the
nature of a business and how it will operate
A statement of long-range strategy & revenue, costs, and profit objectives usually
accompanied by budgets, a projected balance sheet, and a cash-flow (source &
Application of funds) statement. A "BP" is usually stated in terms of $ and grouped by
product families. The business plan is then translated into synchronized tactical
functional plans through the production planning process (or the sales and operations
process) although frequently stated in different terms ($ vs. units), these tactical plans
should agree with each other and with the BP.
Business Strategy - Correct Answer ✔✔ A leadership plan that achieves a specific set
of goals or objectives. Chooses how to compete.
3 generic business strategies are:
1) Least cost
2) differentiation
3) focus
Capacity - Correct Answer ✔✔ The capability of a system to preform its expected
function
The capability of a worker, machine, work center, plant, or organization to produce
output per time period
Competitive Analysis - Correct Answer ✔✔ An analysis of a competitor that includes its
strategies, capabilities, prices and costs.
cost center - Correct Answer ✔✔ The smallest segment of an organization,
typically a department, for which costs are collected
and formally reported. The criteria in defining cost
centers are that the cost be significant and that the
area of responsibility be clearly defined. A cost center
is not necessarily identical to a work center; normally,
