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Setting Different Levels and Recorder point : Just to avoid the chances of over and under investment as well as running short of an item during the course of production minimum and maximum limits for each item of inventory should be fixed. While fixing the minimum and maximum levels, recorder point should also be fixed in advance.
Fixing Economic Recorder Quantity : It is basic inventory problem to determine as to how much quantity of a particular item should be ordered at a time considering various costs. In determining the economic order quantity ( EOQ) the two opposing costs ordering cost and carrying cost should be balanced.
‘It should be obvious that simply the signing of a treaty to remove barriers to trade does not have any effect on the intra-group trade if the prospective partners do not demand ea
Discuss what kind of organisational culture promotes organisational learning.
Suppose you gave a party and 60 minutes showed up at the door. Would you let them in? Would you evict them? Would you commit hara-kiri? Those were the choices that confronted th
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