Apics cpim exam 1 - Study guides, Class notes & Summaries

APICS CPIM Exam 1 | updated edition 2023/24 ABC classification - 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 volu...

APICS CPIM Exam Part 1 Practice Exams Questions and Answers with Complete Solutions 100% Verified

APICS-CPIM Exam 1 Questions & Answers 2024/2025 t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - ANSWERSfalse 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 - ANSWERS1 and 2...

APICS CPIM MODULE 1 EXAM QUESTIONS & ANSWERS 2024/2025 strategic plan - ANSWERSexamines "how to marshal and determine actions to support the mission, goals, and objectives of an organization business plan - ANSWERSa statement of long range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow (source and application of funds) statement manufacturing planning hierarchy - ANSWERSSMR, MPR, DSP, ECO competitive adv...

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ABC classification 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 dollar volume ...

APICS CPIM Part 1 Section A Exam Questions And Answers 100% Solved Which of the following is a planned series of actions or operations that advances a material or procedure from one stage of completion to another? work-in-process. task. process. project. - answerC. process Which of the following entities or conditions impacts demand by providing expectations that products will be sold at a fair price, that higher quality is required, that delivery lead time is negligible, that before- ...