Study guides, Class notes & Summaries

What is the primary disadvantage of a fixed location warehouse - Answer- Decreased cube utilization Point of use storage does not boast the advantage of - Answer- Increased ease of controls Point of use storage boasts all of these advantages - Answer- Reduced material handling Increased accessibility Reduced storage costs Ease of control is an advantage of - Answer- central storage advantages to using central storage (1 not) - Answer- Improved inventory accuracy Streamlined contro...

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...

As you plan a manufactured product supply chain, what is considered the most crucial element? CORRECT ANSWER Component suppliers. without the base components required for the product, the rest of the suppl chain cannot operate as designed. The owner of a coal mine need power for the machinery that he uses to extract the coal. what is this and example of? CORRECT ANSWER Doubling back. When a raw material supplier ends up using a component that they produce in their own operations, it is an exa...

APICS CPIM Exam 1 Study Guide

APICS CPIM exam 1 with Answers

APICS CPIM Part 1 BEST Study Guide

APIC's CPIM Part 1 Practice Exams Question and Answers Rationales 2023

APICS CPIM Part 1 Section A Questions and correct Answers

The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - ANS customer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and administrative expenses Revenue Overhead - ANS Overhead: The cost of g...

t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANS false Which of the following are aspects of ERP systems? 1. Multifunctional- able to provide data concerning many parts of the firm 2. Modular- able to combine selected components into a single system 3. Independent- each functional area has its own system and data and maintains control of that system and data - ANS 1 and 2 ERP systems perform which of the following tasks? I....