APICS CSCP LATEST 2026 STUDY GUIDE QUESTIONS
AND SOLUTIONS RATED A+
✔✔Information collected by an organization on customers,
competitors, products or services, and processes. - ✔✔Business Intelligence
✔✔1) A 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. 2) A document consisting of the business
details (organization, strategy, and financing tactics) prepared
by an entrepreneur to plan for a new business. - ✔✔Business Plan
✔✔Business being conducted over the Internet between
businesses. The implication is that this connectivity will cause
businesses to transform themselves via supply chain
management to become virtual organizations, reducing costs,
improving quality, reducing delivery lead time, and improving
due-date performance. - ✔✔Business-to-business commerce
✔✔1) The ability of a system to perform its expected function. 2)
The ability of a worker, machine, work center, plant, or
organization to produce output per time period. 3) Required
mental ability to enter into a contract. - ✔✔Capacity
✔✔A percentage of the dollar value of inventory per unit of time
(generally one year). - ✔✔Carrying Cost
✔✔The net flow of dollars into or out of the proposed project. The
algebraic sum, in any time period, of all cash receipts,
expenses, and investments. Also called cash proceeds or cash
generated. - ✔✔Cash Flow
✔✔1) An indicator of how efficiently a company manages its assets
to improve cash flow. Inventory days + accounts receivable
days - accounts payable days.
2) The time it takes for an investment to flow back into a company after it has been
spend for raw materials. Inventory days of supply+Days of sales outstanding-Days of
Payable Outstanding - ✔✔Cash-to-cash Cycle Time
✔✔A production planning method that maintains a stable
inventory level while varying production to meet demand. - ✔✔Chase Product Method
,✔✔1) A collaboration process whereby supply chain trading
partners can jointly plan key supply chain activities from
production and delivery of raw materials to production and
delivery of final products to end customers. Collaboration encompasses business
planning, sales forecasting, and all operations required to replenish raw materials and
finished goods. 2) A process philosophy for facilitating collaborative communications. -
✔✔Collaborative planning, forecasting, and replenishment
✔✔A method of sharing information among suppliers, buyers, and
transporters to add value to the service. - ✔✔Collaborative Transportation Management
✔✔An analysis of a competitor that includes its strategies,
capabilities, prices, and costs. - ✔✔Competitive Analysis
✔✔A form of design standardization where a single part is used to
replace a variety of similar parts. - ✔✔Component Commonality
✔✔1) A shipment that is handled by a common carrier. 2) The
process of a supplier placing goods at a customer location
without receiving payment until after the goods are used or
sold. - ✔✔Consignment
✔✔A Web-based marketplace, usually owned by a third party,
that allows members to trade with each other. - ✔✔Consortia trade exchange
✔✔Any element or factor that prevents a system from achieving a higher level of
performance with respect to its goal. - ✔✔Constraint
✔✔Applications that support the evolutionary life cycle of digitalbased information and
make information dynamically
updatable online. - ✔✔Content Management
✔✔A graphic comparison of process performance data with
predetermined computed limits. - ✔✔Control Chart
✔✔An accounting classification useful for determining the
amount of direct materials, direct labor, and allocated
overhead associated with the products sold during a given
period of time. - ✔✔Cost of Goods Sold
✔✔The costs associated with providing poor quality products or services. - ✔✔Cost of
Poor Quality
,✔✔A selling method that occurs when customers buy additional
products or services after the initial purchase. - ✔✔Cross-Selling
✔✔The longest planned length of time to accomplish the activity
in question. It is found by reviewing the lead time for each bill
of material path below the item; whichever path adds up to the
greatest number defines cumulative lead time. - ✔✔Cumulative Lead-time
✔✔A marketing philosophy based on putting the customer first. - ✔✔Customer
Relationship Management (CRM).
✔✔1) The ability of a company to address the needs of and
inquiries and requests from customers. 2) A measure of the
delivery of a product to the customer at the time the customer
specifies. - ✔✔Customer Service
✔✔A measure of delivery performance of finished goods, usually expressed as a
percentage. - ✔✔Customer Service Ratio
✔✔1) The interval of time during which a system or process, such
as seasonal demand or a manufacturing operation, periodically returns to similar initial
conditions. 2) The interval of time during which an event or set of events is completed. -
✔✔Cycle
✔✔An inventory accuracy audit technique where inventory is
counted on a cyclic schedule rather than once a year. - ✔✔Cycle Counting
✔✔The most active component of inventory which depletes
gradually as customer orders are received and is replenished
cyclically when supplier orders are received. - ✔✔Cycle Stock
✔✔1) In materials management, it refers to the length of time
from when material enters a production facility until it exits.
2) In industrial engineering, the time between completion of
two discrete units of production. - ✔✔Cycle Time
✔✔Sifting through a database to find and fix mistakes such as
misspelling, missing information, and false data. - ✔✔Data Cleansing
✔✔1) A catalog of requirements and specifications for an
information system. 2) A file that stores facts about the files
and databases for all systems that are currently being used or
for the software involved. - ✔✔Data Dictionary
, ✔✔Hardware or software enabling one device or software
application to transfer data to another device or software
application. - ✔✔Data Interface Device
✔✔A database maintenance term used in the context of relational
databases, which helps to minimize the duplication of
information or safeguard the database against certain types of
logical or structural data anomalies. - ✔✔Data Normalization
✔✔A repository of data that has been specially prepared to
support decision-making applications. - ✔✔Data Warehouse
✔✔Software designed for organizing data and providing the
mechanism for storing, maintaining, and retrieving that data on a physical medium. -
✔✔Database Management
✔✔Creating independence between supply and use of material.
Commonly denotes providing inventory between operations so
that fluctuations in the production rate of the supplying
operation do not constrain production or use rates of the next operation. -
✔✔Decoupling
✔✔A need for a particular product or component. - ✔✔Demand
✔✔Forecasting the demand for a particular good, component, or
service. - ✔✔Demand Forecasting
✔✔1) The function of recognizing all demands for goods and
services to support the marketplace. It involves prioritizing
demand when supply is lacking and can facilitate the planning
and use of resources for profitable business results. 2) In
marketing, the process of planning, executing, controlling, and monitoring the design,
pricing, promotion, and distribution of products and services to bring about transactions
that meet
organizational and individual needs. - ✔✔Demand Management
✔✔Approach to production planning where output is increased
and decreased to closely match demand. - ✔✔Demand Matching
✔✔The process of planning all demands for products and services to support the
marketplace. The process involves updating the
AND SOLUTIONS RATED A+
✔✔Information collected by an organization on customers,
competitors, products or services, and processes. - ✔✔Business Intelligence
✔✔1) A 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. 2) A document consisting of the business
details (organization, strategy, and financing tactics) prepared
by an entrepreneur to plan for a new business. - ✔✔Business Plan
✔✔Business being conducted over the Internet between
businesses. The implication is that this connectivity will cause
businesses to transform themselves via supply chain
management to become virtual organizations, reducing costs,
improving quality, reducing delivery lead time, and improving
due-date performance. - ✔✔Business-to-business commerce
✔✔1) The ability of a system to perform its expected function. 2)
The ability of a worker, machine, work center, plant, or
organization to produce output per time period. 3) Required
mental ability to enter into a contract. - ✔✔Capacity
✔✔A percentage of the dollar value of inventory per unit of time
(generally one year). - ✔✔Carrying Cost
✔✔The net flow of dollars into or out of the proposed project. The
algebraic sum, in any time period, of all cash receipts,
expenses, and investments. Also called cash proceeds or cash
generated. - ✔✔Cash Flow
✔✔1) An indicator of how efficiently a company manages its assets
to improve cash flow. Inventory days + accounts receivable
days - accounts payable days.
2) The time it takes for an investment to flow back into a company after it has been
spend for raw materials. Inventory days of supply+Days of sales outstanding-Days of
Payable Outstanding - ✔✔Cash-to-cash Cycle Time
✔✔A production planning method that maintains a stable
inventory level while varying production to meet demand. - ✔✔Chase Product Method
,✔✔1) A collaboration process whereby supply chain trading
partners can jointly plan key supply chain activities from
production and delivery of raw materials to production and
delivery of final products to end customers. Collaboration encompasses business
planning, sales forecasting, and all operations required to replenish raw materials and
finished goods. 2) A process philosophy for facilitating collaborative communications. -
✔✔Collaborative planning, forecasting, and replenishment
✔✔A method of sharing information among suppliers, buyers, and
transporters to add value to the service. - ✔✔Collaborative Transportation Management
✔✔An analysis of a competitor that includes its strategies,
capabilities, prices, and costs. - ✔✔Competitive Analysis
✔✔A form of design standardization where a single part is used to
replace a variety of similar parts. - ✔✔Component Commonality
✔✔1) A shipment that is handled by a common carrier. 2) The
process of a supplier placing goods at a customer location
without receiving payment until after the goods are used or
sold. - ✔✔Consignment
✔✔A Web-based marketplace, usually owned by a third party,
that allows members to trade with each other. - ✔✔Consortia trade exchange
✔✔Any element or factor that prevents a system from achieving a higher level of
performance with respect to its goal. - ✔✔Constraint
✔✔Applications that support the evolutionary life cycle of digitalbased information and
make information dynamically
updatable online. - ✔✔Content Management
✔✔A graphic comparison of process performance data with
predetermined computed limits. - ✔✔Control Chart
✔✔An accounting classification useful for determining the
amount of direct materials, direct labor, and allocated
overhead associated with the products sold during a given
period of time. - ✔✔Cost of Goods Sold
✔✔The costs associated with providing poor quality products or services. - ✔✔Cost of
Poor Quality
,✔✔A selling method that occurs when customers buy additional
products or services after the initial purchase. - ✔✔Cross-Selling
✔✔The longest planned length of time to accomplish the activity
in question. It is found by reviewing the lead time for each bill
of material path below the item; whichever path adds up to the
greatest number defines cumulative lead time. - ✔✔Cumulative Lead-time
✔✔A marketing philosophy based on putting the customer first. - ✔✔Customer
Relationship Management (CRM).
✔✔1) The ability of a company to address the needs of and
inquiries and requests from customers. 2) A measure of the
delivery of a product to the customer at the time the customer
specifies. - ✔✔Customer Service
✔✔A measure of delivery performance of finished goods, usually expressed as a
percentage. - ✔✔Customer Service Ratio
✔✔1) The interval of time during which a system or process, such
as seasonal demand or a manufacturing operation, periodically returns to similar initial
conditions. 2) The interval of time during which an event or set of events is completed. -
✔✔Cycle
✔✔An inventory accuracy audit technique where inventory is
counted on a cyclic schedule rather than once a year. - ✔✔Cycle Counting
✔✔The most active component of inventory which depletes
gradually as customer orders are received and is replenished
cyclically when supplier orders are received. - ✔✔Cycle Stock
✔✔1) In materials management, it refers to the length of time
from when material enters a production facility until it exits.
2) In industrial engineering, the time between completion of
two discrete units of production. - ✔✔Cycle Time
✔✔Sifting through a database to find and fix mistakes such as
misspelling, missing information, and false data. - ✔✔Data Cleansing
✔✔1) A catalog of requirements and specifications for an
information system. 2) A file that stores facts about the files
and databases for all systems that are currently being used or
for the software involved. - ✔✔Data Dictionary
, ✔✔Hardware or software enabling one device or software
application to transfer data to another device or software
application. - ✔✔Data Interface Device
✔✔A database maintenance term used in the context of relational
databases, which helps to minimize the duplication of
information or safeguard the database against certain types of
logical or structural data anomalies. - ✔✔Data Normalization
✔✔A repository of data that has been specially prepared to
support decision-making applications. - ✔✔Data Warehouse
✔✔Software designed for organizing data and providing the
mechanism for storing, maintaining, and retrieving that data on a physical medium. -
✔✔Database Management
✔✔Creating independence between supply and use of material.
Commonly denotes providing inventory between operations so
that fluctuations in the production rate of the supplying
operation do not constrain production or use rates of the next operation. -
✔✔Decoupling
✔✔A need for a particular product or component. - ✔✔Demand
✔✔Forecasting the demand for a particular good, component, or
service. - ✔✔Demand Forecasting
✔✔1) The function of recognizing all demands for goods and
services to support the marketplace. It involves prioritizing
demand when supply is lacking and can facilitate the planning
and use of resources for profitable business results. 2) In
marketing, the process of planning, executing, controlling, and monitoring the design,
pricing, promotion, and distribution of products and services to bring about transactions
that meet
organizational and individual needs. - ✔✔Demand Management
✔✔Approach to production planning where output is increased
and decreased to closely match demand. - ✔✔Demand Matching
✔✔The process of planning all demands for products and services to support the
marketplace. The process involves updating the
