APICS has developed these practice questions for the Execution and Control of
Operations module of the Certified in Production and Inventory Management program.
The 60 questions, similar to those found in the certification exam, were compil
Ati Wongsaroj EID: alw862 T Th 3:3-5
HW #1 Economics 304K: Introduction to Microeconomics Prof. Meg Ledyard Due 2/5/08
Question 1: (14 points) Whitney and Lauren are stranded on an island. Suppose there are two goods they can make and consume, coats
ECO Sample Test
1. What is the time for the production of a lot of Part A when the information of this calculation are as
the follows ?
Work center information.
SMR-Session1 Aligning Resources with Strategic Plan
1 Definition of Strategy
The plan for how to marshal and determine actions to support the mission, goals, and
objectives of an organization.
1.1 development of time horizon
1.2 identify key events
Session Two Inventory Planning
- Order Review Methods
# Commonly used methods
> Order point (fixed order quantity)
Order point system The inventory method that places an order for a lot whenever the quantity on
hand is reduced to a predetermined level kno
Session One Inventory Policy
Two types of inventory policies are aggregate and item-level
- Aggregate inventory management
Establishing the overall level (for example, dollar level) of inventory desired and implementing
controls to achieve this goal.
Unit 1 Introduction to SCM Self-Assessment
1. Which supply chain player below will stock inventories and sell in small quantities to
C OEM Manufacturer
2. Which supply chain process below is inv
There are 3 different groups of suits, numbered from 1 to 9. Ranks 2 to 8 are called "simple" tiles while
1s and 9s are called "terminal" tiles. They are: bamboos (also called bamboos or sticks), circles (also
called wheels, stones or dots),