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Benchmarking is the practice of identifying studying and building upon the best practices in the industry or in the world. Dynamic companies are constantly monitoring information from the external environment to compare their process products and services with the best industry practices. Such companies help establish quality targets which enhances the competitive strength of the organization.
1. Differentiate between 'Administration' and 'Management'. 2. What were the common drawbacks in classical and Neo classical theories of management? 3. Write a short note on "Line
Characteristics of Flexible Manufacturing System An FMS is a process technology that can product a moderate variety of products in modest volumes and can do so quickly and wit
QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au
1. Reciprocal Relations: When a company deliberately buys as much as possible from its own customers it is said to practice reciprocity. In consumer goods industries reci
Management is a science or an art Management like most other arts involves some degree of skill and talent, but management makes use of underlying knowledge (science) and appli
Scope of Materials Management Materials management embraces all functions concerning planning purchasing production control stores traffic and physical distribution
Scenario: You are a member of the Project Review team for CK Software Services. At the next meeting, the team will discuss the scheduling for the new automated teller machine (ATM)
However proving a design defect can be difficult. Some of the factors used by the jury to asses s whether a product design is defective and unreasonably dangerous are: 1.The utili
Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo
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