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Also known as the loading cost or the storage cost carrying cost represents the cost that is associated with storing an item in inventory. It is proportional to the amount of inventory and the time over which it is held. The elements of carrying cost include the opportunity cost capital invested in the stock the costs directly associates with storing goods ( like stores men salary rates heating and lighting , racking and pellet is action protective clothing store transport etc,) the obsolescence cost( including scraping and possible rework) deterioration costs and costs incurred in preventing deteriorations and fire and general insurance etc.
describe stages of purchasing according to van weele 2010 ,reck 1988
Employee or Customer Safety: Worn out equipment is likely to fail at any moment and these failures can cause injuries to the workers working on those equipments. Products such
What are the techniques of providing non-monetary motivation? The given are some of the techniques of giving motivation those are non-monetary in nature are as given below:
QUESTION 1 The process of delivering a presentation is a systematic one that involves thorough planning along with preparation and one of the main phases is developing the pre
The general ERP model has a central data base shared by all functions of the enterprise represented by four quadrants in the figure represents the concept of enterprise resources p
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When is the flow control of new products necessary to capture the market in certain products? When the company has to survive and grow into a competitive environment this has t
The aims of this assignment are for you to: Develop your understanding of the nature of the key organisation perspectives and their related theories. Demonstrate an understa
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