Decoupling inventory - Study guides, Class notes & Summaries

Selectively apply automation to help reduce costs and lower prices at whole foods - ANSWER 1. In class we discussed amazons recent acquisition of whole foods. The strategy that seems the most plausible for amazon is: Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay - ANSWER 3. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a fir...

What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: Manufacturing takes place Deliver: Product is shipped to the customers. Activities organized to minimize costs while meetin...

oscm exam 3 Question and answers rated A+ 2023/2024 DVD recorders would be an example of independent-demand items. - correct answer true Reorder point models are primarily used for dependent-demand items. - correct answer false Decoupling operations applies to the railroad industry. - correct answer false In the A-B-C approach, C items typically represent about 15 percent of the number of items, but 60 percent of the dollar usage. - correct answer false EOQ inventory models are basi...

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 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...

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...

Manufacturing planning and control (mpc) includes which of the following - correct answer Material management and coordinating suppliers In MPC process, capacity decisions (equipement, facilities, suppliers, etc.) are most likely to occur in which time horizon? - correct answer Long In MPC process, detailed scheduling decisions are most likely to occur in which time horizon? - correct answer ...

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...

APICS CPIM Part 1, Module 5 (All) PASSED!!

CSCP Module 1 Exam Questions With Verified Answers Decoupling - answerCreating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin - answerThe difference between total revenue and cost of goods sold optimization - answerAchieving the best possible solution to a problem in terms of a specifie...