Production control system, Project Management

Question 1:

What is understand by a production control system and how are the elements of control systems categorized?

  • Description of production control system
  • Categorization

Question 2:

Bring out the differences between forecasting and prediction.
Each difference 1 mark

Question 3:

Describe the various inventory control methods and costs
Definition of inventory control and inventory cost

Approaches to inventory control
• The Eyeball system.
• The Reserve Stock System.
• The Perpetual Inventory System

Inventory Costs
• Ordering costs
• Carrying costs / Holding cost
• Setup cost or Capital cost
• Shortage Cost or Stock Out costs

Posted Date: 10/30/2013 6:31:30 AM | Location : United States

Related Discussions:- Production control system, Assignment Help, Ask Question on Production control system, Get Answer, Expert's Help, Production control system Discussions

Write discussion on Production control system
Your posts are moderated
Related Questions
outline role of the project manager

J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make i

Question: (a) (i) What do you meant by "a change of scope" in a project? (ii) Unplanned changes (for e.g, unplanned expenses) might occur during the implementation phase of

C ontrol charts Control  charts  are  tools  used  for  monitoring,  controlling  and  improving processes over time. These are applicable to administrative processes.

What does have in the project management software? Project management software: Project management software onto the market today comprises Lotus Notes / Domino or Micros

Question : The process of delivering a presentation is a systematic one that involves thorough planning as well as preparation and one of the main phases is preparing the prese

When you had to grow a strategy for a tiny software house employing fifty or therefore professional computer people, then how would you go regarding it? What area would you use to

Risk Management Responsibilities   Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T