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QUESTION 1 (i) Describe ABC analysis and illustrate an example using the Pareto Curve
(ii) What are the common policies applied with regard to inventories falling in each category.
(iii) What are the boundaries of ABC analysis?
QUESTION 2
(a) Classify the stocktaking process and state the main reasons why stocktaking is carried out?
(b) What recompense can continuous stocktaking have over periodic stocktaking? QUESTION 3
(i) Identify layout of stores and briefly state benefits of good stores layout.
(ii) What factors have to be considered when designing an appropriate layout of stores?
Once upon a time there was a beekeeper who had a beehive. His company, the Bee Company Limited produced a very high quality honey. The company's customers loved its honey and wanted the business to produce more honey than it had the previous year...
Industrial engineer has become very important in an organisation.The scope of industrial engineer has widened as markets today have increased from local, national to international levels and hence, the role of industrial engineer has been constantly ..
Risk aversion implies only risk-free investments will be undertaken by corporate managers. Critically evaluate this statement What is the distinction between nominal and real interest rates
How does the Kanban process focus on the individual within the teamwork concept and How is the Kanban process linked to the Kaizen process and What is capacity planning
Compute the beta for the total portfolio and Analyze the portfolio.
Understand financial performance measures, pricing and product mix decisions and how we as Management Accountants can add value to Customers and Shareholders.
Describe the Leavitt's model of change affecting a knowledge culture and What type of culture is needed at the individual and managerial level in order to create a conducive environment for effective knowledge management?
Global pricing is one of the most critical and complex issues that global firm face. Price is the only marketing mix instrument that creates revenues. All other elements entail costs. Thus, a company's global pricing policy may make or break its o..
The assignment is an opportunity for you to investigate operations management in practice and to carry out deeper investigations.
The management of risk approach consists of the risk management policy, process guide, plan and risk register. Explain the main risk management concepts that need to be considered in establishing these documents.
Research Analysis and Proposal
Organisations use multiple business management strategies to ensure its optimal performance. Discuss the role of Total Quality Management in that sphere
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