Apics cpim module part 1 Study guides, Class notes & Summaries
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APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
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APICS CPIM - Part 1 Module 5 Exam 
Questions With 100% Correct Answers 
Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end 
of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This 
year's annual COGS was $2,300,000. What is this year's inventory turnover? - answer0.511 
times 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = 
(Inventory at Period Start + Inventor...
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APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 11 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 
Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end 
of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This 
year's annual COGS was $2,300,000. What is this year's inventory turnover? - answer0.511 
times 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = 
(Inventory at Period Start + Inventor...
-
APICS CPIM - Part 1 Module 5 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
APICS CPIM - Part 1 Module 5 Exam 
Questions With 100% Correct Answers 
Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end 
of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This 
year's annual COGS was $2,300,000. What is this year's inventory turnover? - answer0.511 
times 
EXPLANATION: 
Inventory Turnover = Annual COGS/Average Inventory in Dollars. Average Inventory = 
(Inventory at Period Start + Inventor...
-
APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION
- Exam (elaborations) • 15 pages • 2023
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APICS CPIM PART 1 V7 MODULE 5 2023 NEW EXAM SOLUTION 
 
ABC classification - 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 [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent...
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APICS CPIM Exam Part 2 Module 2
- Exam (elaborations) • 3 pages • 2024
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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 b...
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APICS CPIM PART 1 V7 MODULE 5 STUDY GUIDE 2023
- Exam (elaborations) • 15 pages • 2023
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- $12.99
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ABC classification - 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 [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent of the dollar volume. The [third] class contains 60 per...
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APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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APICS CPIM Exam Part 2 Module 2 
Questions With 100% Correct Answers 2024 
decoupling point - answerpoint at which inventory is stored, which allows supply chain to 
operate independently 
mass customization - answercreation 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 - answerselects a line of best fit through a plot of data to minimize 
the sum of square of the deviations 
multiple regressio...
-
APICS CPIM Exam Part 2 Module 2
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
APICS CPIM Exam Part 2 Module 2 
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 method -Answer-selects a line of best fit through a plot of data to minimize the sum 
of square of the deviations 
multiple regression model -Answer-an equation that describes...
-
APICS CPIM Exam Part 2 Module 2
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
APICS CPIM Exam Part 2 Module 2 
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 method -Answer-selects a line of best fit through a plot of data to minimize the sum 
of square of the deviations 
multiple regression model -Answer-an equation that describes...
-
APICS CPIM Exam Part 2 Module 2 Questions With 100% Correct Answers 2024
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
APICS CPIM Exam Part 2 Module 2 
Questions With 100% Correct Answers 2024 
decoupling point - answerpoint at which inventory is stored, which allows supply chain to 
operate independently 
mass customization - answercreation 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 - answerselects a line of best fit through a plot of data to minimize 
the sum of square of the deviations 
multiple regressio...
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