APICS EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS, Exams of Nursing

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APICS EXAM 1 2024/2025 WITH 100%

ACCURATE SOLUTIONS

What is the role of manufacturing? - Precise Answer ✔✔To add value to the eye of the the consumer What should business operations align to? (also known as corporate social responsibility) - Precise Answer ✔✔-human rights -labor practices -environment -anti-corruption What are the four manufacturing business model? - Precise Answer ✔✔-Defining products and customers -designing products and processes -managing material flow -providing customer service and support What is corporate sustainability? - Precise Answer ✔✔Responsible economic growth that benefits all segments of society in an equitable manner What is engineer to order? - Precise Answer ✔✔Built for customer

What is make to order? - Precise Answer ✔✔Built for customer but customizable What is assemble to order? - Precise Answer ✔✔lead time is hours/shift/day. Built to what consumer wants What is the volume and variety relationship? - Precise Answer ✔✔- engineer to order and make to order have differentiation -assemble to order and make to stock are low cost. What are stages of product cycle? - Precise Answer ✔✔Introduction, growth (compilation push), maturity (6 sigma), decline (extra sales), phase out (moving on but after life market What are intermittent manufacturing characteristics? - Precise Answer ✔✔high Work in Progress levels, long lead time (good to use lean on) What is intermittent manufacturing layout called? - Precise Answer ✔✔process layout or functional/job shop layout What is product doing on the floor most of the time? - Precise Answer ✔✔80% is waitings What is routing? - Precise Answer ✔✔Steps to get something done

What are the advantages of product layout? - Precise Answer ✔✔-Little WIP inventory -Short throughput and manufacturing lead times -lower unit cost -Assemble to order / made to stock the main focus What is project manufacturing? - Precise Answer ✔✔-Used for large complex projects -project remains in one location for assembly -product made at one site -avoid cost of moving the product Definition of supply chain - Precise Answer ✔✔global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution, and cash Define supply chain management - Precise Answer ✔✔the design, planning, execution, control, and monitoring of supply chain activities wit hthe objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally Basic supply chain: external - Precise Answer ✔✔Supplies > manufacturer > distributors > retailers

-dominant flow of goods and services > -returns and reverse logistics < -dominant flow of demand and design information < -dominant flow of cash < what is a Balanced scorecard? - Precise Answer ✔✔"balanced" is to show KPI from the -customer perspective -business process perspective -financial perspective -innovation and learning perspectives What are the objectives of manufacturing? - Precise Answer ✔✔the right products, of the right quality, in the right quantities, at the right time, at the right cost What is demand management process? - Precise Answer ✔✔Marketing management, demand planning, customer relationship management (CRM) What are the four Ps? - Precise Answer ✔✔Product, price, promotion, place

What are order qualifiers? - Precise Answer ✔✔competitive characteristics that a firm's products and services must exhibit in order for the firm to be a viable competitor in the marketplace What are order winners? - Precise Answer ✔✔competitive characteristics that cause customers to prefer a firm's products and services over those of its competitors Difference between independent vs dependent demand? - Precise Answer ✔✔Independent demand has to be forecasted while dependent should be calculated What are the four demand patterns? - Precise Answer ✔✔Trend, seasonal, random, cyclical How does forecasting support planning? - Precise Answer ✔✔Business planning 2-10 years sales and operations planning 1-3 years master scheduling 3-18 months Whats the principle for forecasting? - Precise Answer ✔✔should include an estimate of error What are forecasting techniques? - Precise Answer ✔✔Qualitative - judgement quantitative - mathematics - intrinsic/extrinsic

Moving averages lessons - Precise Answer ✔✔Moving average forecast will make the development of a rising or falling trend lag What is the exponential smoothing logic or new forecast formula? - Precise Answer ✔✔(a) (latest demand) + (1-a) (old forecast) What is the deseason baseline formula? - Precise Answer ✔✔Sale/ season indicator What is the mean absolute deviation? (MAD) - Precise Answer ✔✔absolute errors / number of periods Production planning: Purpose and scope - Precise Answer ✔✔setting the overall levels of manufacturing output and establish production rates Production planning deals with - Precise Answer ✔✔*planning for each product family -maintaining desire inventory levels -determining resources required -comparing load with available resources What are the four production strategy? - Precise Answer ✔✔Chase, level, subcontracting, hybrid (combination)

What is chase strategy? - Precise Answer ✔✔-whatever you plan to sell is what you make disadvantage: capacity must match maximum demand Level strategy definition: - Precise Answer ✔✔make an accurate forecast of average demand for a period and then set a level production rate to match the average Level strategies ADV and DIS - Precise Answer ✔✔ADV -avoid labor and capacity costs of demand matching -avoids changeover costs and lowers the average production cost per item DIS -buildup of inventory -requires a very accurate forecast Subcontracting ADV and DIS - Precise Answer ✔✔ADV -no excess capacity -level production DIS -costs of subcontracting -proprietary production technology

Purpose of master scheduling - Precise Answer ✔✔-Sales and operations planning is the process you go through -document out is production plan -master scheduling is the process -master production schedule is the document passed down to the MRP What are the periods for a master scheduler? - Precise Answer ✔✔periods are weeks Planning Horizon is what - Precise Answer ✔✔the planning horizon is the amount of time a plan extends into the future. It normally is set to cover a minimum of cumulative lead time plus time for a lot sizing low- level components and for capacity changes of primary work centers. What are time fences and zones? - Precise Answer ✔✔Frozen - actual orders (Emergency changes only) slushy - actual and forecast (tradeoffs) liquid - Forecast only (changes constrained by production plan What is lead time? - Precise Answer ✔✔IN MRP, the span of time from the planned order receipt period back to the planned order release period What is Offsetting? - Precise Answer ✔✔placing the requirements (planned order release) in their proper time periods based on lead time

What is Exploding? - Precise Answer ✔✔The process of calculating the demand for the components of a parent item by multiplying the parent item requirements by the component usage quantity specified in the bill of materials What is the order control? - Precise Answer ✔✔Gross requirements scheduled receipts projected available net requirements planned order receipts planned order release What are the phases of capacity management? - Precise Answer ✔✔Planning phase controlling phase Definition of capacity - Precise Answer ✔✔The capability of a system to perform its expected function What is capacity available? - Precise Answer ✔✔The capability of a system or resources to produce a quantity of output in a particular time period What is rated capacity based on? - Precise Answer ✔✔available time utilization

efficiency What is demonstrated capacity calculated from? - Precise Answer ✔✔historical data What are the lead time elements? - Precise Answer ✔✔queue, setup, run, wait, move Two methods to resolving differences? - Precise Answer ✔✔Change the available capacity Alter the load What are the four loading techniques? - Precise Answer ✔✔Forward scheduling backward scheduling infinite loading finite loading What are the dispatching rules? - Precise Answer ✔✔First come first served earliest job due date easiest operation due date shortest process time critical ratio

What are the functions for inventory? - Precise Answer ✔✔Anticipation inventory fluctuation inventory lot size inventory transportation inventory hedge inventory buffer Whats are the 3 parts to carrying cost? - Precise Answer ✔✔Capital cost -opportunity cost (most expensive) storage cost -space -personnel -equipment risk cost -obsolescence -damage -pilferage -insurance -deterioration Inventory turns - Precise Answer ✔✔a measure of how effectively inventory is being used

What are the different types of orders? - Precise Answer ✔✔Lot for lot fixed order quantity economic order quantity order n periods of supply What is order point? - Precise Answer ✔✔demand during lead time + safety stock What are auditing methods that you can use? - Precise Answer ✔✔Cycle counting (continual counting) Periodic inventory (physical count of inventory) Key features of cycle counting? - Precise Answer ✔✔continues throughout year count every day trained and dedicated staff Predetermined amount has to be counted Advantages of cycle counting - Precise Answer ✔✔timely detection and correction determination and elimination of error

What is the purchasing objective? - Precise Answer ✔✔obtain goods and services of the right quality and quantity needed What are the different types of sourcing? - Precise Answer ✔✔sole sourcing multiple sourcing single sourcing What factors chooses suppliers? - Precise Answer ✔✔technical ability manufacturing capability reliability after sales service location price financial stability management attitude What are the different type of supplier agreements? - Precise Answer ✔✔blanket purchase order long term contracts What is the purchasing cycle? - Precise Answer ✔✔generate requisition, issue purchase order,follow up, receive goods, approve payment

What is always highest cost? - Precise Answer ✔✔Transportation What are different type of planning systems? - Precise Answer ✔✔pull system push system distribution requirements planning (DRP) Eliminate waste by - Precise Answer ✔✔process movement methods product defects waiting time overproduction excess inventory unused people skill What is cellular layout good for? - Precise Answer ✔✔reduces waste of excess floor space, unnecessary motions, transportation, and handling What is needed for process flexibility? - Precise Answer ✔✔flexible machinery cross trained employees quick changeovers

What are the causes of variation? - Precise Answer ✔✔Special causes- special circumstances common causes- over time problems What are the levels of buffer management? - Precise Answer ✔✔Red zone - expedite yellow zone - monitor green zone - dont worry What is backward and forwarding scheduling good for? - Precise Answer ✔✔backwards - optimizes labor/ resources forward - for emergency to reduce WIP