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

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), ...

Pareto Chart - graphical tool used for ranking causes from most to least significant TQM: Employee Involvement - TQM is everyone's responsivbility and this means everyone needs to commit to not only doing their jobs but improving. Cross-training, training on quality, training problem solving and root cause analysis achieve this goal Voice of the Customer - The actual customer descriptions in words for the functions and features the customer desires Total Quality Management bas...

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...

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...

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. - C. 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- and after-sales service is available, and that products and the...

Question: 01. What is the major disadvantage of a fixed location warehouse? a) Put away time is increased. b) Cube utilization is poor. c) Dock time is increased. d) Material handling costs rise. - ANS> Answer: b) Cube utilization is poor. Question: 02. Which of the following identifies the demand for capacity at a work center in a specific time period? a) Bill of labor. b) Dispatch list. c) Scheduled receipts. d) Work center load. - ANS> Answer: d) Work center load.

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...

APICS CPIM - PART 1 MODULE 5 EXAM 2024/2025

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APICS CPIM Part 1 Certification Exam Sample Questions with complete solutions 2024.