Abc classification Study guides, Class notes & Summaries

ABC classification correct answers Process 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 dollar volume items (C class) than the higher...

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, called A, B, and C. The A group usually represents 10% to 20% by number of items and 50% to 70% by projected dollar volume. The next grouping, B, usually represents about 20% of the items and about 20% of the dollar volume. The C class contains 60% to 70% of the items and represents about 10% to 30% of t...

ISDS 3001 Final Exam Questions with Correct Answers Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors. T/F - Answer-True A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. T/F - Answer-True What is the practice of keeping a product generic as long as possible before customizing? A.backward integration B.vendor-managed inventory C.forward integration D.keiretsu E.postponement - A...

Which type of nerve is typically unaffected by diabetic peripheral neuropathy? - Answer-Aural What is an anticonvulsant commonly used to treat the effects of peripheral neuropathy? - AnswerGabapentin The ABC Credential Holder must receive a __ from a physician or other licensed healthcare prescriber or other valid __ that meets the professions standards before providing any orthosis, prosthesis, or pedorthic device to a patient - Answer-Prescription, Order When skin is described as erythema...

ABC CLassification CORRECT ANSWER The classification of a group of items in decreasing order of annual dollar volume or other criteria Advanced Planning and Scheduling (APS) CORRECT ANSWER Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods Advance ship notice (ASN) CORRECT ANSWER An electronic data interchange (EDI) notification of shipment of product. Andon CORRECT ANSWER A sign board with signal lights ...

ABC Classification Correct Answer a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) Correct Answer The small percentage of defects that consumers are willing to accept. Acceptable Sampling Correct Answer The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket Correct Answer The current time period Action Notices Correct Answer Output from an ...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

ABC Classification correct answers a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) correct answers The small percentage of defects that consumers are willing to accept. Acceptable Sampling correct answers The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket correct answers The current time period Action Notices correct answers Output fro...

ABC Classification - correct answera method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) - correct answerThe small percentage of defects that consumers are willing to accept. Acceptable Sampling - correct answerThe process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket - correct answerThe current time period Action Notices - correct answerOutput fro...

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...