Anticipation inventories - Study guides, Class notes & Summaries
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APICS CPIM Exam 1 Key Terms
- Exam (elaborations) • 63 pages • 2023
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ABC classification CORRECT 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 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 ...
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2024 CPIM Part 1 (A+ Graded Already)
- Exam (elaborations) • 40 pages • 2024
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ABC CLassification correct answers The classification of a group of items in decreasing order of annual dollar volume or other criteria 
 
Advanced Planning and Scheduling (APS) correct answers Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods 
 
Advance ship notice (ASN) correct answers An electronic data interchange (EDI) notification of shipment of product. 
 
Andon correct answers A sign board with signal lig...
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APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024
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APICS CPIM Part 1, Module 5 Exam 
Questions With 100% Correct Answers 2024 
inventory - answerThose stocks or items used to support production (raw materials and 
work-in-process items), supporting activities (maintenance, repair, and operating supplies), and 
customer service (finished goods and spare parts). Demand for inventory may be dependent or 
independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, 
buffer, or reserve), transportation (pipeline), ...
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MGSC 395 Final Exam with correct Answers
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inventory management - CORRECT ANSWER-the planning and controlling of 
inventories in order to meet the competitive priorities of the organization 
inventory - CORRECT ANSWER-a stock of materials used to satisfy customer 
demand or to support the production of services or goods 
pressures for small inventories - CORRECT ANSWER--inventory holding cost 
-cost of capital 
-storage and handling costs 
-taxes 
-insurances 
-shrinkage 
pressure for large inventories - CORRECT ANSWER-- customer service...
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APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 18 pages • 2024
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APICS CPIM Part 1, Module 5 Exam 
Questions With 100% Correct Answers 2024 
inventory - answerThose stocks or items used to support production (raw materials and 
work-in-process items), supporting activities (maintenance, repair, and operating supplies), and 
customer service (finished goods and spare parts). Demand for inventory may be dependent or 
independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, 
buffer, or reserve), transportation (pipeline), ...
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APICS CPIM Part 1, Module 5 Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
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- $12.49
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APICS CPIM Part 1, Module 5 Exam 
Questions With 100% Correct Answers 2024 
inventory - answerThose stocks or items used to support production (raw materials and 
work-in-process items), supporting activities (maintenance, repair, and operating supplies), and 
customer service (finished goods and spare parts). Demand for inventory may be dependent or 
independent. Inventory functions are anticipation, hedge, cycle (lot size), fluctuation (safety, 
buffer, or reserve), transportation (pipeline), ...
-
APICS CPIM Exam 1 (100% Errorless Answers) 2024.
- Exam (elaborations) • 15 pages • 2024
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ABC classification correct answers 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...
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APICS CPIM Exam 1 review update 2023/2024
- Exam (elaborations) • 15 pages • 2023
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APICS CPIM Exam 1 review update 2023/2024 
 
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 ...
-
2024 CPIM Part 1 (A+ Graded Already)
- Exam (elaborations) • 40 pages • 2024
-
Available in package deal
-
- $14.49
- + learn more
ABC CLassification correct answers The classification of a group of items in decreasing order of annual dollar volume or other criteria 
 
Advanced Planning and Scheduling (APS) correct answers Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods 
 
Advance ship notice (ASN) correct answers An electronic data interchange (EDI) notification of shipment of product. 
 
Andon correct answers A sign board with signal lig...
-
APICS CPIM Exam 1 Study Guide
- Exam (elaborations) • 16 pages • 2023
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- $17.99
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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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