APICS Presentation and Questions 2011

Recap APICS 2011 International Conference
Frank Hernandez Brandon Holt Scott Wilson Sahir Jafri
Sponsored By:
Education
Jim Donald (Former CEO of Starbucks & Wal-Mart)
The 6 secrets to success.
Alan Milliken (BASF Corporation)

Creating Competitive Advantage with your existing Data
Resume and Interview Tips Reporting Sustainability: G3
Connections/Competitions
Met with the Operations Management Students from across North America
Yes, even Canada.
Head of the Class Scavenger Hunt Mid-Atlantic Case Competition
Research
Career/Networking
Over 60 Trade vendors Numerous Operations Departments
Duquesne University, ASU Michigan State University
Career Fair
Caterpillar Logistics Eaton PriceWaterhouseCoopers
APICS Intl. Conference 2012 Denver, Colorado
APICS Head of the Class Competition
How to start: Each Player will have 2 cards Card one will have A (true) on one side and B (false) on the other side Card two will have C on one side and D on the other) for use in answering questions.
APICS Head of the Class Competition Game Rules
How to play:
Rules Continued
Everyone must stand Once a question is asked you must hold up the appropriate card.
The card must face the front of the room

The card must be held above your head and once it is above your head that is your final answer and it cant be changed.
You will have 20 seconds to answer each question with a 5 second warning.
Rules Continued
In each round a maximum of fifteen questions will be asked. The questions will relate to the operations/supply chain management field
Rules Continued
If you answer the question wrong you must sit down and if you answer the question right you will remain standing.
Questions will continue to be asked until there are less than five people left standing or until we have asked the maximum amount of questions for that round.
Rules Continued
The winners from the first, second and third rounds will advance to the final round.
The final round will be process of elimination.
Are You Ready to Begin?
APICS Head of the Class Competition Questions
Finding out who performs a particular process best and learning from it is an example of:
a. continuous improvement
b. benchmarking c. serviceability d. empowerment
Quality certification refers to a process of 100 percent inspection to catch all defective products before they leave the company True
False
Which of the following statements is true?

a. As long as the process is within the control limits, it is in control. b. Variable data is used in the construction of a PChart c. A reduction in the variation of a process is an indication the process has improved d. Every process has a natural variation that can be entirely eliminated
Using the EOQ model, the higher an item's carrying costs, the more frequently it will be ordered.
True False
Which of the following is exhibited by all forecasting data and results?

a. Randomness b. Seasonality c. Trend d. Cycles

The basic purpose of supply chain management is to:
a. create an exclusive set of suppliers who will not supply your competitors
b. reduce your firms inventory level through the

proper selection of customers and suppliers
c. synchronize the operations of all suppliers

with those of purchasing, production, distribution and customers
d. coordinate purchasing and distribution activities in

order to maximize your firms revenues
Which of the following is most true of cycle counting?

a. requires the checking of many items a few times during the year b. requires the checking of every item many times during the year c. it is used to identify and remove the root causes of errors in inventory records d. it is applied to all inventory items once a year
Approximately 99.7% of sample means will fall within two standard deviations of the process mean True False
An assembly line is more appropriate for:

a. high volume, low variety production b. large projects c. customized products
d. none of the above
Just-In-Time systems make demands on layouts, including:

a. distance reduction b. increased flexibility of equipment c. cross-trained, flexible employees that can easily move to new work areas d. all of the above are JIT influences on layout
Product storage is an example of waste, in the sense that no value is added. True False
In an inventory management system Service Level is:

a. the probability demand will not always be satisfied during the ordering lead time b. the probability that demand is met from inventory c. the percentage of time during lead time that demand is not satisfied d. none of the above
In the chase strategy of aggregate production planning, variations in demand cannot be absorbed by which of the following?
a. subcontracting b. hiring/layoff c. inventory/backordering d. overtime/undertime
What are two of the main principles of MRP?

a. capacity equals demand and planned orders equals net requirements b. low level coding and BOM coding c. time phasing and netting of requirements d. time phasing and low level coding
The phrase demand derived from the demand for other products describes:
a. independent demand
b. dependent variable
c. dependent demand
d. recursive demand
Preventive maintenance is extra-special maintenance done after a breakdown has occurred to prevent any further breakdowns.
True
False
A Master Production Schedule contains information about:

a. quantities and required delivery dates of final products (the build schedule)
b. quantities and required delivery dates of all subassemblies

c. inventory on hand for each final product
d. inventory on hand for each sub-assembly
The greatest advantage of applying the unit load concept is:

a. It is environmental friendly
b. It simplifies handling, movement, and transportation

c. It is value to companies that deal with small products d. Mechanical devices can be substituted for manual labor
Less-than-truckload (LTL) carriers:

a. Serve only regional markets b. Operate through a series of terminals c. Are exempt from hours-of-service regulations d. Carry the shipment directly from the shipper to the consignee
APICS Head of the Class Competition Questions A free trade zone refers to:
a. An area that is home to businesses that are owned and operated by large concentrations of a particular ethnic group b. An area in which products can be stored, exhibited, or processed without being subjected to duties and quotas unless they enter the customs territory of the zone country
c. An area in which the federal government disregards all import

and export quotas for products coming from, or destined to, favored nations d. An area outside of the legal jurisdiction of federal, provincial or municipal governments where companies are free to do what they will
Which of the following is the most effective way to improve warehouse worker productivity?
a. Adding additional rules to dictate how each operation is to be done b. Provide materials handling equipment to replace heavy manual labour c. Install video cameras so that you can watch workers from your office d. Manage by randomly walking the warehouse area and intimidating any worker you feel is not working hard enough
APICS Head of the Class Competition Questions Data mining:

a. Is illegal in Quebec b. Is synonymous with margin analysis c. Looks for patterns and relationships in relevant data d. Can only be done using advanced software systems
APICS Head of the Class Competition Questions The purpose of safety stock is to:
a. Eliminate the possibility of a stockout b. Eliminate the likelihood of a stockout due to erroneous inventory records c. Control the likelihood of a stockout due to the variability of demand during lead time d. Replace failed units with good ones
When ordering materials where quantity discounts are available, the most cost-effective solution:
a. Is to order the EOQ amount
b. Minimizes the sum of holding and ordering costs

c. Minimizes the sum of holding, ordering, and product costs d. Minimizes the unit purchase price
The basic goal of aggregate planning is to balance:

a.a. capacity and demand
a.b. capacity and costs

a.c. capacity and inventories a.d. demand and backorders
ABC analysis is based on the principle that:

a. All items in inventory must be monitored very closely
b. There are usually a few critical items, and many items that are less critical
c. An item is critical if its usage is high
d. An item is critical if its unit price is high
Firms in a responsive supply chain are expected to have:

a. long delivery times
b. high inventory investments

c. low capacity cushions d. flexible purchasing, production and distribution systems
Which of the following is not a major input to the capacity requirements planning process?
a. The planned order releases from the MRP b. A routing file specifying machines or work centres required to complete an order c. A load profile for each work centre in the process d. An open order file showing status of in-process jobs
Which statement is best?

a. The largest element of manufacturing lead time is queue b. The larger the load, the longer the queue
c. If queue is reduced, the lead time and work-inprocess will be reduced

d. All of the above are true
The cost of stopping a production line to fix a quality problem is an example of a(n):
a. Quality appraisal cost b. Quality prevention cost c. External failure quality cost d. Internal failure quality cost
As waste is removed from daily operations

a. Productivity increases
b. Inventory increases
c. Cycle Time increases
d. All of the above
Which of the following is not one of the elements in Lean Operations?

a. Multi-functional workers b. A limited number of suppliers c. Scheduling production to maximize the output of all work centers d. Striving to reduce machine set-up times

What type of production process would be appropriate for a company that builds specialty machine tools to match the customers specifications?
a. project shop b. continuous c. job shop d. none of the above
In Six Sigma Quality Systems, the letters DPMO mean:

a. Defects Produced by Manufacturing Operations b. Defects Per Multifunctional Operator c. Defects Per Million Opportunities d. None of the above
Process analysis can be applied to functions other than operations and supply chain management.
True False
The cost of Operations and Supply Chain Management activities primarily appear:
a. as an item on a companys Balance Sheet. b. as an item in a companys working capital analysis. c. as Cost of Goods Sold or Cost of Sales in a companys income statement. d. after Gross Profit in a companys income statement
Companies should focus on process improvement activities, of their critical processes, in order to lower costs, improve quality, or both. In most cases, the best first step is to implement computer controlled automation so that the process can run faster to reduce per unit cost.
True False
Acme Products ships 75% of all orders on-time (which means, by the customers original request date). When customers call-in to follow-up on late shipments, Acme almost always manages to get the late shipment our within 24 hours. From these facts, it is safe to assume that Acmes operations are effectively managed.
True
False
Effective, contemporary management of the supply chain is best described as

a. going for the lowest invoice price b. managing the network of suppliers and customers as a combined system c. focusing on individual transaction points d. independently optimizing each link in the chain
Just-In-Time is a push system rather than a pull system.

True
False
The supply chain management concept would say that the evaluation of cost should include: I. Invoice price II. Implications of late delivery III. Implications of poor supplier quality b. I and III only c. II and III only d. I, II, and III
Which of the following pairs of terms best complete the following sentence?
Under the concept of total quality management, increased focus on ________________ can minimize the need for ________________. a. process improvement; final inspection
b. product design; process design c. process design; product design d. final inspection methods; process design

The JIT/Lean philosophy is best described by which of the following?
a. management system of people and procedures to fulfill all delivery deadlines b. materials management system for removing all inventories c. integrated system of managing resources, information, and decision processes to eliminate waste. d. management system that pushes inventory back to suppliers.
What are the costs being included in the total cost concept for logistics?
a. Inventory Carrying Cost and Warehouse Cost b. Lot Quantity Cost c. Order Processing and information costs d. all of the above
Bill of materials (BOM) components are variable costs True

False
One source of disruption caused by the external supply chain is:

a. product or sales promotions b. late deliveries c. new product or service introductions d. engineering changes
The Business Plan, Financial Plan and Market Plan are combined to produce the:
a. Final Assembly Schedule b. Master Production Schedule c. Production Plan d. Materials Plan
Which of the following plans has the longest planning horizon and the least amount of detail?
a. business plan b. production plan c. master production schedule d. all the above have the same level of detail
A statement of a schedule of requirements for individual end items is called:

a. master production schedule
b. material requirements plan c. a production plan d. none of the above
For the purposes of production planning, product groups should be established on the basis of:
a. b. c. d. market segments similarity of manufacturing process the availability of materials all the above
Which basic production planning strategy will build inventory and avoid the costs of peak capacity?
a. demand matching b. production leveling
c. subcontracting
d. available to promise
If the opening inventory is 100 units, the sales are 300 units and the ending inventory is 200 units then manufacturing must produce:
a. 300 units b. 400 units c. 500 units d. none of the above
What important assumption is made about statistical (quantitative) forecasting methods?

a. the past is a valid indicator of the future b. demand trend is seldom linear c. seasonal variations are small d. random variations are small
Assuming the cost per order is constant, increasing the order quantity will cause annual ordering costs to:
a. decrease b. increase
c. remain the same d. increase at a decreasing rate
Quantity Discounts cause companies to:

a. Order sooner
b. Order less at a time

c. Increase their inventory d. Increase ordering costs
One of the success factors for Zara is postponement.

True False
APICS Head of the Class Competition Questions The triple bottom line refers to:
a. Growth, market share, profit b. Profit, environmental, social c. Profit, profit, profit d. Capital, expense, revenue
An advantage of having multiple suppliers is:

a. Buying components which are patented
b. Reliable Just-in-Time deliveries

c. Reduced invoicing d. Reliability of supply
Having a very low inventory is always good for the Supply Chain. True
False
It is always necessary to have less vendors

True False
If a company always sends goods in full truck loads, is it a good practice

True
False

A job shop making very different types of products on a set of machines has a very high utilization. Which of the following also will be true
a. Product lead times will be high b. Product cost will be low
c. Quality of output will be high

d. Production activity will be stramlined
A manufacturer took the following steps to reduce inventory. Which one is NOT a JIT action?
a. they required deliveries directly to the point of use b. they worked to reduce in-transit inventory c. they picked the supplier that offered volume discounts d. they produced in ever smaller lots
High utilization generally means more WIP

True
False

For very good shipping ports the targeted utilization is only 60%. Higher utilization is avoided as;
a. It could cause equipment and labor fatigue b. It could drastically increase the time ships have to wait to get a berth c. It could create confusion and mixing of unloaded goods d. It could reduce the ability of the port officials to verify the nature of shipments
Increasing the speed of trains ensures that more trains can run on the same railway infrastructure True
False
Just-in-Time inventory management is a system that focuses on: a. Holding inventory at suppliers until needed. b. Reducing lot sizes. c. Reducing set-up times. d. b & c

A Just-in-Time inventory management system may produce results superior to MRP/ERP because: a. It is less dependent of accurate bills of material. b. It is less dependent on accurate inventory records. c. It is less dependent of accurate sales forecast.
d. All of the above e. None of the above
If a vendor is repeatedly late delivering product, the first thing you should do is increase the lead time to reflect the current reality.
True False

The EOQ calculation must include an adjustment factor if: a. the ratio of demand to production is very high b. the ratio of demand to production is very low c. never d. always

When considering all forms of transportation, the highest landed cost will always be air.
True
False

The main objective of the cycle counting program is to reconcile the book versus onhand inventory. True False

There are four most important elements in a supply chain. Three of them are: Operations, distribution, and integration; the fourth element is:
a. b. c. d. Transportation Manufacturing Quality and JIT Purchasing

Costs associated with field failures, goodwill loss, reputation damage, and warranty are classified as: a. Pre-transaction costs
b. Transaction costs c. Post-transaction costs d. All of the above
In selecting a location, consideration of the territory and quadrant is one of the recommended levels of decisions. True False

CRM has made tremendous strides in the past ten years and studies show that companies have been very effective in building customer relations. True False

Which type of production process is most suitable for oil refining? a. Batch b. Job Shop c. Assembly Line d. Flow

Which of the following is NOT a characteristic of Job Shop?
a. Produces highly specialized product in low volume on customer-order basis b. Equipment must be flexible enough to change with each new job c. Geared towards producing an exact custom product d. Uses a connected line for production & moves the product along the line
Which of the following is NOT an input to Materials Requirement Planning (MRP)? a. Net Report b. Master Production Schedule (MPS) c. Inventory Record d. Bill-of-Materials (BOM)
One benefit of using exponential smoothing to forecast demand is that, unlike other moving averages, it does not lag behind data trends.
TRUE
FALSE

The Cycle Counting Program can be discontinued once the firm reaches it accuracy objectives. True False

Auditing firms typically allow firms (companies) to discontinue the periodic (annual) inventory, once the cycle count program has demonstrated that the program has reached and maintained an agreed upon minimum inventory accuracy level.
True False

Which of the following are probable causes of demand variability?
a. Competition from rival companies b. No-interest financing c. Life cycle of the product d. All of the above

Time series models are used in __________.
a. Qualitative forecasting b. Intrinsic forecasting c. Associative forecasting d. All of the above

The 5 basic modes of transportation are __________.
a. Rail, Motor, Container, Water, Air b. Rail, Motor , Container, Air, Pipeline c. Rail, Motor, Water, Air, Pipeline d. Rail, Container, Water, Air, Pipeline

Which statement below is TRUE about Water and Pipeline mode of transport? a. Both can transport fluids
b. Both can carry goods in containers
c. Both can only move through water

d. Both can move fluids overland

Inventory is considered a liquid asset on the balance sheet. True
False

A firm with a positive balance sheet can go bankrupt True
False

Firm Planned Orders (FPO) are considered WIP
True
False

In which of the cases is moving average a good method to use:
a. Trend b. Seasons c. Trend and Season d. Random variation
Among the basic modes of transport, air transport offers the best results in terms of reliability and transit time.
TRUE
FALSE

Which of the following statements is most accurate:
a. Forecasting is rarely 100% accurate b. Long term forecast must have data of individual product mix c. Forecasting must always be done by manufacturing function d. Each department must individually and independently forecast the needs

Which of these is NOT an example of seasonality in forecasting
a. Heavy rush in the canteen during lunch hours b. Sale of gifts during Christmas c. Heavy rush of calls during an emergency d. Increased requirement of trucks towards the end of the month

Which of these is a limitation of extrinsic regression technique
a. b. c. d. It is inaccurate at product mix level It is mathematically a difficult technique It cannot be used for medium term forecasting It will always lag behind the trend

Which of the following is NOT a good practice for data used in forecasting
a. Lost sale data should be accounted for b. Competitor promotions need to be factored in c. Data has to be aggregated in time buckets of one month (Jan sales, Feb sales, etc) d. Data can be bought from market research agencies

You should consider changing your forecasting method when:
a. There is an increase in the Mean Absolute deviation b. There is an increase in Mean square error c. Tracking signal changes to beyond acceptable limits
d. Method should be reviewed and changed every six months

A firm plans to introduce a new product for which it is unsure of the market acceptability. What would be the ideal layout?
a. b. c. d. Product layout Process layout Project layout New product layout

Product layout would be best suited in which of the following conditions
a. High demand with high product variety b. Low demand with low product variety c. High demand with low product variety d. Low demand with high product variety

Which of these is a disadvantage of the product layout?
a. Capital cost is high b. Total lead time is high c. Scrap rate is high d. Highly skilled manpower requirement

In which of these cases would process layout benefit the most
a. Product in the maturity stage in the product life cycle b. Fast moving consumer goods c. d. Product configuration is more important than delivery lead time The cost of manufacturing has to be kept low

All of these are objectives of a good service layout EXCEPT
a. Reduce travel for customers b. Ensure that the facility does not look empty
c. Provide for privacy in work areas

d. Allow attractive display of merchandise

One cell of a cellular layout would:
a. b. c. d. Consist of similar type of machines Process similar parts needing similar operations Have high internal changeover time Create higher in process inventory

Which of these is NOT a factor in selecting the facility layout
a. Overall manufacturing strategy
b. The variety of products to be made c. The country of operations d. Availability of skilled man power

Which organization represents suppliers, retailers, industry associations, and wholesalers representing 2.1 Trillion Euros of business annually?
a. b. c. d. ECR (Efficient Consumer Response) GCI (Global Commerce Initiative) CGF (Consumer Goods Forum) ISM (Institute of Supply Management)

Which of the following is the most important component for successful adoption of technology by organizations?
a. Training for employees b. Interoperability for software c. Well accepted by the industry d. Internal agreement on goals to be accomplished using the technology

The term fishy-back comprises of ______ modes of transport.
a. b. c. d. Sea-air Land-sea-land Air-road Sea-rail

Which of the following are advantages of multimodal transport?
i) Reduced freight rates ii) Speedy transfer iii) Planned and coordinated transport mode a. i only b. i & ii c. All of the above d. None of the answers are correct

What does FEU stand for?
a. b. c. d.
Forwarder equivalent unit Forty-foot equivalent unit Freight equivalent unit Foot equivalent unit

Consolidation of different major transport companies is one of the driving forces of multimodal transportation
TRUE
FALSE

Which types of cargoes are usually NOT carried by air mode of transport? a. Mail b. Medicine c. Fruits d. Liquefied Natural Gas

Basic Cost Trade-Offs method selects the lowest total cost transport mode.
TRUE
FALSE

Air-road combined mode of transport is also known as birdy-back TRUE
FALSE

Master Production Schedule (MPS) is a sales forecast representing a statement of demand.
TRUE
FALSE

The functions of the Master Production Schedule (MPS) over the short term horizon are:
I. Planning short term capacity requirements II. Recommending production of components III. Planning order priorities a. Only I and II c. None of the above b. Only I and III d. All of the above

Which of the following is NOT an input to Materials Requirement Planning (MRP)? a. Net Report b. Master Production Schedule (MPS) c. Inventory Record d. Bill-of-Materials (BOM)

All of the following occur in an MRP process except a. Setting of production lead-times b. Adjustment to gross requirements c. Calculation of component requirements d. Timing of order release

The Master Production Schedule (MPS) should strive to:
I. Maintain a balance between scheduled load and available productive capacity over the short term II. Form basis for establishing planned capacity over the long term c. Both are correct a. Only I is correct d. Neither I nor II is correct b. Only II is correct
In order to maximize profit, a company must have all of the following objectives except: a. Best customer service b. Most accurate production forecast c. Lowest inventory investment d. Lowest distribution cost

The inventory turns ratio measures: a. the amount of inventory needed to support sales growth. b. obsolete inventory as a percent of sales. c. how effectively inventory is being used. d. the amount of space needed to store inventory

A company's strategic plan: a. provides the manufacturing plan for families of end items. b. outlines the sales plan for the next year. c. is a statement of goals and objectives for a long range period. d. outlines new products for the next year.

In which of the following manufacturing environments would consumer products, such as film, food, etc. be classified? a. Assemble-to-order b. Engineer-to-order c. Make-to-order d. Make-to-stock

Many different end items are made from a small number of components. What manufacturing environment would this be? a. Make-to-stock b. Make-to-order c. Assemble-to-order d. Engineer-to-order

Aggregate inventory management is concerned with: a. managing inventory items and how they are used. b. establishing the production plan.
c. the cost and benefits of carrying the different

classes of inventory.
d. the distribution network and the movement of inventory.

Which of the following are objectives of inventory?
I. Maximize customer service
II. Efficient transaction III. Low cost plant operations IV. Minimum inventory investment a. I, II, and III c. I, II, and IV
b. I, III, and IV d. II, III, and IV

Which of the following would be included in the cost of carrying inventory?
I. Heating and lighting a warehouse II. Obsolete inventory III. Labor to move material IV. Damaged inventory c. I, III, and IV a. I, II, and III d. I, II, III, and IV b. II, III, and IV

A company makes all decisions regarding forecasting and orders centrally for its distribution network. This company is using which of the following systems? a. Pull system b. Push system c. Just-in-Time d. Time phased order point

The Just-in-Time philosophy can be best defined as: a. Delivering goods just before they are needed b. Fulfilling customer orders just as they are needed c. Manufacturing without inventory
d. Elimination of waste

The Toyota Motor Company identified seven sources of waste in manufacturing. Which of the following represent those sources of waste? I. Process II. Overproduction III. Wait-time IV. Movement c. II, III, and IV a. I, II, and III d. I, II, III, and IV b. I, II, and IV

To achieve necessary quality levels in a JIT environment, quality must be:
a. built into the product by operators. b. inspected at multiple points. c. ensured by the quality control lab. d. an inspectors function.

In order to reduce the number of transactions which occur in a JIT environment, companies use a system called: a. transaction prevention. b. pre-deduct. c. backflushing. d. bar coding.

The annual cost of goods sold for a company is $40 million and the average inventory is $10 million. By how much would the inventory need to be reduced to have annual inventory turns equal 20 turns? a. $2 million b. $4 million c. $6 million d. $8 million

A component has a fixed cost of $1,000 and a variable cost of $5.00 per unit to produce. What would the average cost per unit be if the company produces 4,000 units?
a. $5.00 b. $5.10 c. $5.25 d. $5.50

Even in an intermittent manufacturing shop, certain JIT principles can be applied. Which of the following principles can be used in an intermittent manufacturing shop? I. Employee involvement II. Total preventive maintenance III. Inventory reduction IV. Continuous flow lines a. I and III b. II and IV c. I, II, and III d. I, II, III, and IV

Which of the following manufacturing types would typically have the longest delivery time? a. Make-to-order b. Engineer-to-order c. Make-to-stock d. Assemble-to-order

Which of the following statements would be true regarding the delivery time in an engineer to order company?
a. Delivery time is shorter than a make-to-order company. b. It would be the same as a make-to-stock item. c. It would be longer than an assemble-to-order company. d. It would be shorter than an assemble-to-order company.

An income statement of a company will show which of the following? a. Inventory levels b. Long term debt
c. d. Cost of products sold Net cash available

Which of the following is a reason to maintain inventory? a. Improve customer service b. c. d. Reduce transportation costs Increase machine operating time Reduce costs
A supervisor's primary role in a total employee involvement company is: a. controlling. b. cheerleading. c. coaching. d. quality control.

Conformance can be best described as: a. making the highest quality products. b. meeting the specified requirements.
c. working together as a team. d. flowing product through cells.

Which of the following best defines the term break even point? a. The point at which a product fails b. Current assets = current liabilities c. Required capacity = available capacity d. Revenues = total costs

APICS Presentation and Questions 2011

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Recap APICS 2011 International Conference

Frank Hernandez Brandon Holt Scott Wilson Sahir Jafri

Alan Milliken (BASF Corporation)

Resume and Interview Tips Reporting Sustainability: G3

Head of the Class Scavenger Hunt Mid-Atlantic Case Competition

APICS Intl. Conference 2012 Denver, Colorado

APICS Head of the Class Competition

APICS Head of the Class Competition Game Rules

The card must face the front of the room

Are You Ready to Begin?

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

Which of the following statements is true?

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

Which of the following is exhibited by all forecasting data and results?

APICS Head of the Class Competition Questions

b. reduce your firms inventory level through the

c. synchronize the operations of all suppliers

d. coordinate purchasing and distribution activities in

APICS Head of the Class Competition Questions

Which of the following is most true of cycle counting?

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

An assembly line is more appropriate for:

d. none of the above

APICS Head of the Class Competition Questions

Just-In-Time systems make demands on layouts, including:

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

In an inventory management system Service Level is:

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

What are two of the main principles of MRP?

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

A Master Production Schedule contains information about:

b. quantities and required delivery dates of all subassemblies

d. inventory on hand for each sub-assembly

APICS Head of the Class Competition Questions

The greatest advantage of applying the unit load concept is:

b. It simplifies handling, movement, and transportation

APICS Head of the Class Competition Questions

Less-than-truckload (LTL) carriers:

c. An area in which the federal government disregards all import

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions Data mining:

APICS Head of the Class Competition Questions

b. Minimizes the sum of holding and ordering costs

APICS Head of the Class Competition Questions

The basic goal of aggregate planning is to balance:

a.b. capacity and costs

APICS Head of the Class Competition Questions

ABC analysis is based on the principle that:

d. An item is critical if its unit price is high

APICS Head of the Class Competition Questions

Firms in a responsive supply chain are expected to have:

b. high inventory investments

APICS Head of the Class Competition Questions

APICS Head of the Class Competition Questions

Which statement is best?