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APICS CPIM Exam 1 Questions & Answers 2024/2025 ABC classification - ANSWERSProcess 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...

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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APICS CPIM Exam 1 | 176 Questions and Answers 100% Correct

APICS CPIM BSCM SESSION 5 CAPACITY MANAGEMENT AND PRODUCTION ACTIVITY CONTROL EXAM 2024/2025

Apics Exam 2- Ch 5 Questions and Answers | Latest Update | Graded A+ An MTS company would like to cut its inventory from 4 months to 2 months. If annual demand is 360,000 units, the production plan this year should be how many units? 300,000 units During the S&OP process, performing a financial evaluation of alternative strategies includes which of the following? The number of and productivity of the workers, cost of changing work levels, inventory costs. (I, II, and III). In a MTO ...