Part 1 Exam, Exam 1, Part 2 Exam, CPIM Exam 1, Part 1 Section 2, Practice Questions, Key Terms, Part 1 Post Test, MODULE , Practice Exam, Module 2, Part 1 Formulas, Formulas Exam, Practice Exam, Part 1 Test, CPIM Practice Exam, Final Formulas, Study Guide, MODULE 3, Part 1 Terms, Exam 1,Sessi...
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Supply Chain Management - Answer The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally ...
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Add to cartSupply Chain Management - Answer The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally ...
t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - Answer 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 int...
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Add to cartt/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - Answer 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 int...
14 Points - Answer W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - Answer A means of compactly describing a business process Abnormal Demand - Answer Demand in any period that is outside the limits established by management pol...
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Add to cart14 Points - Answer W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - Answer A means of compactly describing a business process Abnormal Demand - Answer Demand in any period that is outside the limits established by management pol...
Line Haul Cost - Answer The cost to operate the vehicle, whether it is half empty or full, is the same basic cost. What does alter is the distance that is traveled. Terminal Handling - Answer The cost of handling a shipment several times. When full loads are shipped there is no extra handling thu...
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Add to cartLine Haul Cost - Answer The cost to operate the vehicle, whether it is half empty or full, is the same basic cost. What does alter is the distance that is traveled. Terminal Handling - Answer The cost of handling a shipment several times. When full loads are shipped there is no extra handling thu...
How does enterprise resources planning (ERP) differ from manufacturing resource planning? - Answer ERP does not dwell on manufacturing alone. After an order is released, it turns out that not all of the resources needed are available. What will happen next? - Answer There will be idle capacity at...
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Add to cartHow does enterprise resources planning (ERP) differ from manufacturing resource planning? - Answer ERP does not dwell on manufacturing alone. After an order is released, it turns out that not all of the resources needed are available. What will happen next? - Answer There will be idle capacity at...
Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - Answer Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - Answer Sing...
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Add to cartCreating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - Answer Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - Answer Sing...
ABC classification - Answer 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 repr...
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Add to cartABC classification - Answer 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 repr...
In addition to customer orders, the master production schedule (MPS) might handle which of the following types of demand? Bill-of-material items Interplant orders Dependent demand Parts list items - Answer Interplant orders: Interplant demand is usually handled by the master production schedulin...
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Add to cartIn addition to customer orders, the master production schedule (MPS) might handle which of the following types of demand? Bill-of-material items Interplant orders Dependent demand Parts list items - Answer Interplant orders: Interplant demand is usually handled by the master production schedulin...
strategic plan - Answer examines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan - Answer a statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, an...
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Add to cartstrategic plan - Answer examines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan - Answer a statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, an...
Which of the following tools is considered an important quality management tool? - Answer Control Chart. The primary use of control charts is to detect assignable causes of variation in a process. In a bill of material, the path that adds up to the greatest number of lead time periods defines the...
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Add to cartWhich of the following tools is considered an important quality management tool? - Answer Control Chart. The primary use of control charts is to detect assignable causes of variation in a process. In a bill of material, the path that adds up to the greatest number of lead time periods defines the...
decoupling point - Answer point at which inventory is stored, which allows supply chain to operate independently mass customization - Answer 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 meth...
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Add to cartdecoupling point - Answer point at which inventory is stored, which allows supply chain to operate independently mass customization - Answer 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 meth...
Break-Even in Units - Answer (Fixed Cost)/(Price per Unit - Variable Cost per Unit) Deseasonalized Demand - Answer (Period Average Demand)/(Seasonal Index) Period Seasonal Index - Answer (Period Average)/(Combined Period Average) (Ex: Quarter Avg / Year Avg) Moving Average Forecast - Answer...
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Add to cartBreak-Even in Units - Answer (Fixed Cost)/(Price per Unit - Variable Cost per Unit) Deseasonalized Demand - Answer (Period Average Demand)/(Seasonal Index) Period Seasonal Index - Answer (Period Average)/(Combined Period Average) (Ex: Quarter Avg / Year Avg) Moving Average Forecast - Answer...
Planned Backlog - Answer Previous Planned Backlog + Planned Input - Planned Output Actual Backlog - Answer Previous Actual Backlog + Actual Input - Actual Output Throughput Formula - Answer Revenues Received - Variable Costs/ Units of Time Period New Safety Stock - Answer Old Safety Stock x...
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Add to cartPlanned Backlog - Answer Previous Planned Backlog + Planned Input - Planned Output Actual Backlog - Answer Previous Actual Backlog + Actual Input - Actual Output Throughput Formula - Answer Revenues Received - Variable Costs/ Units of Time Period New Safety Stock - Answer Old Safety Stock x...
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. - Answer customer service.: Customer service is the ability of a company to address the needs of and inqui...
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Add to cartThe 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. - Answer customer service.: Customer service is the ability of a company to address the needs of and inqui...
4 Ps - Answer `Product, Price, Promotion, Place Competitive Priorities/Performance Objectives - Answer Cost, Quality, Time, Flexibility Which trends are easiest to forcasat - Answer Stable demand Master Scheduling forcast/horizon - Answer Physical units at end item level/3-18 months Seas...
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Add to cart4 Ps - Answer `Product, Price, Promotion, Place Competitive Priorities/Performance Objectives - Answer Cost, Quality, Time, Flexibility Which trends are easiest to forcasat - Answer Stable demand Master Scheduling forcast/horizon - Answer Physical units at end item level/3-18 months Seas...
A work center is receiving enough work, but it is not performing to plan. To detect problems in this work center, the planner should compare: - Answer actual output to planned output. A company is experiencing a change in demand from steady to sporadic. It currently uses economic order quantity (...
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Add to cartA work center is receiving enough work, but it is not performing to plan. To detect problems in this work center, the planner should compare: - Answer actual output to planned output. A company is experiencing a change in demand from steady to sporadic. It currently uses economic order quantity (...
Capacity utilization - Answer =Actual output/total output capacity order Point - Answer Deman * (TL)+ SS planned order release - Answer planned receipt/(1- scrap factor) payback period - Answer cost of investment/ annual cash savings Return on Investment (ROI) - Answer profits/(cost of i...
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Add to cartCapacity utilization - Answer =Actual output/total output capacity order Point - Answer Deman * (TL)+ SS planned order release - Answer planned receipt/(1- scrap factor) payback period - Answer cost of investment/ annual cash savings Return on Investment (ROI) - Answer profits/(cost of i...
order Point Deman * (TL)+ SS utilization - Answer actual output/design capacity slack time - Answer =(current date - due date) - amount of time remaining on operation Saftey stock - Answer customer serice level * sqrt(( theta demand * Lead Time) + ((theata Lead Time * average demand)^2)) ...
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Add to cartorder Point Deman * (TL)+ SS utilization - Answer actual output/design capacity slack time - Answer =(current date - due date) - amount of time remaining on operation Saftey stock - Answer customer serice level * sqrt(( theta demand * Lead Time) + ((theata Lead Time * average demand)^2)) ...
Distribution requirements planning (DRP) provides transportation planners with: Answers locations for scheduling deliveries. backhauling information. load optimization information. current and future shipping requirements. - Answer Answer Rationale DRP can convert the schedule of planned order...
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Add to cartDistribution requirements planning (DRP) provides transportation planners with: Answers locations for scheduling deliveries. backhauling information. load optimization information. current and future shipping requirements. - Answer Answer Rationale DRP can convert the schedule of planned order...
inventory investment - Answer the dollars that are in all levels of inventory semifinished goods - Answer products that have been stored in an incomplete state and are awaiting final operations that will adapt them to different uses or customer specifications MRO supplies - Answer items used i...
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Add to cartinventory investment - Answer the dollars that are in all levels of inventory semifinished goods - Answer products that have been stored in an incomplete state and are awaiting final operations that will adapt them to different uses or customer specifications MRO supplies - Answer items used i...
Regression Analysis: Slope Intercept Formula - Answer y = mx + b r is the coefficientof correlation Trend Line - Answer y = mx + b Where: y=Trend x=Period b=y intercept Trend-Adjusted Seasonal Factor Process - Answer 1. Actual Trend Ratio: Actual / Trend, for each period 2. Calculate Tr...
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Add to cartRegression Analysis: Slope Intercept Formula - Answer y = mx + b r is the coefficientof correlation Trend Line - Answer y = mx + b Where: y=Trend x=Period b=y intercept Trend-Adjusted Seasonal Factor Process - Answer 1. Actual Trend Ratio: Actual / Trend, for each period 2. Calculate Tr...
economic order quantity formula - Answer Annual Carrying Cost=Annual Ordering Cost (order quantity/2) x cost per unit x carrying cost percentage=Annual Demand/Lot-Size Quantity x Cost per Order EOQ=Square Root (2AS/Ci)=Square Root of [(2 x Annual Demand x Cost per Order)/{Cost per Unit x Carry...
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Add to carteconomic order quantity formula - Answer Annual Carrying Cost=Annual Ordering Cost (order quantity/2) x cost per unit x carrying cost percentage=Annual Demand/Lot-Size Quantity x Cost per Order EOQ=Square Root (2AS/Ci)=Square Root of [(2 x Annual Demand x Cost per Order)/{Cost per Unit x Carry...
Inventory is the ____ of Supply Chain - Answer life blood Inventory Turns equation - Answer Annual COGS/ Avrg inventory $ Matrix structure - Answer you can have more than one boss, one product group, Team members come from different teams are also members of the product management office Ce...
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Add to cartInventory is the ____ of Supply Chain - Answer life blood Inventory Turns equation - Answer Annual COGS/ Avrg inventory $ Matrix structure - Answer you can have more than one boss, one product group, Team members come from different teams are also members of the product management office Ce...
to obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? a. to keep many sources ofsupply available to ensure competitive pricing b. to control budgetary expenditures ofall employees through sound PO control c. to obt...
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Add to cartto obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? a. to keep many sources ofsupply available to ensure competitive pricing b. to control budgetary expenditures ofall employees through sound PO control c. to obt...
Crisis Development Model - Individual Behavior Staff Attitude 1. Anxiety 1. Supportive 2. Defensive 2. Directive 3. Acting Out 3. Non-Violent Crisis Intervention 4. Tension Reduction 4. Therapeutic Rapport Anxiety - A noticeable increase or change in behavior Supportive - An empathic, non-...
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Add to cartCrisis Development Model - Individual Behavior Staff Attitude 1. Anxiety 1. Supportive 2. Defensive 2. Directive 3. Acting Out 3. Non-Violent Crisis Intervention 4. Tension Reduction 4. Therapeutic Rapport Anxiety - A noticeable increase or change in behavior Supportive - An empathic, non-...
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