Cscp Study guides, Class notes & Summaries

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 t...

APICS CSCP QUESTIONS BANK WITH SOLVED SOLUTION

CSCP Exam Questions With 100% Verified Answers Available-to-promise (ATP) - answer1) In operations, the uncommitted portion of a company's inventory and planned production maintained in the master schedule to support customer-order promising. [This] quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled. In the first period, [this] includes on-hand inventory less customer orders that are due and ove...

Three entities of supply chain? CORRECT ANSWER Producer Supplier Customer Is flow of information back and forth? CORRECT ANSWER Yes What is primary product flow? CORRECT ANSWER Supplier>Distribution>Customer What is primary cash flow? CORRECT ANSWER Customer back upstream toward supplier What is reverse flow of products? CORRECT ANSWER Returns and repairs Is vertical integration the practice of bringing supply chain inside one's organization? CORRECT ANSWER Yes What is...

available-to-promise (ATP) CORRECT ANSWER 1) In operations, the uncommitted portion of a company's inventory and planned production maintained in the master schedule to support customer-order promising. [This] quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled. In the first period, [this] includes on-hand inventory less customer orders that are due and overdue. Three methods of calculation are used: d...

APICS CSCP 2020 Module 1 Section B Rated A+ Demand Shaping The 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) A 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 sy...

of the following groups, if blamed, will most likely result in the stock price being most punished by the market? CORRECT ANSWER Customers A significant impact on the supply chain can be made by all of the following stake holders EXCEPT: CORRECT ANSWER consumers Which of the following relationships has the maximum degree of independence of ownership and the minimum degree of integration? CORRECT ANSWER ad hoc trading Attempts to replace competition between trading partners with coop...

If the overall economy of a country is in a trough but economic leading indicators show a healthy increase in demand for the next quarter, which would be a good strategic choice for a risk-seeking organization to make? Increase cash reserves. Increase investments in diversified financial products. Raise prices for the organization's products. Hire high-quality new employees at reasonable salaries. - Answer- Hire high-quality new employees at reasonable salaries. An organization's seni...

CSCP Exam Questions & Answers 2023/2024

CSCP Module 1 Exam Questions & Answers 2023/2024 Decoupling - ANSWER-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. gross margin - ANSWER-The difference between total revenue and cost of goods sold optimization - ANSWER-Achieving the best possible solution to a problem in terms of a spe...