APICS CSCP 2020 Module 1 Exam Questions With Verified Answers

APICS CSCP 2020 Module 1 Exam Questions With Verified Answers Demand Shaping - answerThe practice of using the 4 Ps (product, pricing, placement, promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply. Warehouse Management System (WMS) - answerA computer application designed to manage and optimize workflows and the storage of goods within a warehouse. Often interfaces with automated data capture and enterprise resources planning systems Order Qualifiers - answerThose competitive characteristics that a firm must exhibit to be a viable competitor in the marketplace. For example, a firm may seek to compete on characteristics other than price, but in order to "qualify" to compete, its costs and the related price must be within a certain range to be considered by the customers. Syn: qualifiers. (See: order losers, order winners). Content Management Applications - answerSupports the evolutionary life cycle of digital- based information and makes information dynamically updatable online; includes the ability to publish content to a repository and support access to digital-based content. Electronic Data Interchange (EDI) - answerThe paperless (electronic) exchange of trading documents, such as purchase orders, shipment authorizations, advanced shipment notices, and invoices, using standardized document formats Order Winners - answerThose competitive characteristics that cause a firm's customers to choose that firm's goods and services over those of its competitors. [These can be considered to be competitive advantages for the firm. [They also] usually focus on one (rarely more than two) of the following strategic initiatives: price/cost, quality, delivery, speed. delivery reliability, product design, flexibility, after-market service, and image. Business Process Management (BPM) - answerA business discipline or function that uses business practices, techniques, and methods to create and improve business processes. [A] holistic approach to the use of appropriate process-related business disciplines to gain business performance improvements across the enterprise or supply chain. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. Most process improvement disciplines or activities can be considered [this].