100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
APICS CPIM Exam Part 2 Module 2 $10.39   Add to cart
Quickly navigate to
Preview
  2.  
  3. CPIM
  4.  
  5. CPIM

Exam (elaborations)

APICS CPIM Exam Part 2 Module 2
 3 views  0 purchase
  • Course
  • CPIM
  • Institution
  • CPIM

APICS CPIM Exam Part 2 Module 2 decoupling point point at which inventory is stored, which allows supply chain to operate independently mass customization creation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items ...

[Show more]

Preview 1 out of 3  pages

Document information

  • May 9, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • apics cpim exam part 2 module 2 decoupling point p

Written for

  • CPIM
All documents for this subject (96)

Seller

avatar-seller
LectDan

Reviews received

Content preview

APICS CPIM Exam Part 2 Module 2
decoupling point
point at which inventory is stored, which allows supply chain to operate independently


mass customization
creation of high volume product with large variety where customers can choose an exact model out of
a large pool of possible end items


least squares method
selects a line of best fit through a plot of data to minimize the sum of square of the deviations


multiple regression model
an equation that describes the relationship between a dependent variable and more than one
independent variable


econometric model
set of equations used simultaneously to capture how dependent and independent variables are
interrelated.


adaptive smoothing
form of exponential smoothing in which the smoothing constant is automatically adjusted as a
function of forecast error measurement


first order smoothing
a weighted moving average approach that is applied to forecasting problems where the data do not
exhibit significant trend or seasonal patterns


double smoothing
uses two previously computed averages to extrapolate into the future


(alpha historic demand) + (1-alpha forecast)
exponential smoothing formula


decomposition
time series data is separated into trend, seasonal, and cyclical components


life cycle analysis
forecast based on past patterns of each introduction, growth, maturity, and decline of similar product


focus forecasting
forecasting that tries a variety of computer models and selects the best one


CPFR (Collaborative Planning, Forecasting, and Replenishment)
collaboration process where trading partners can jointly plan key supply chain activities

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72349 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.39
  • (0)
  Add to cart