APICS

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...

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...

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ABC classification - ANS Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher do...

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