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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.
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When is the 1948s factories act applicable? 1948s factories act is applicable to any factory wherein ten or more than ten workers are working. The 1948s factories act has a pro
What are the human relations of a successful manager? Human Relations skill: Human Relations skill considers as the capability to work effectively along with others and b
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Question: a) Briefly describe the concept of sustainable development. b) Briefly discuss the mandate of the Environment coordination committee set up under the Environment
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plot the demand schedule and draw the demand curve for tha data given for marijuana in the case above
Investment in information technology can permit a business to lock in customers and suppliers by building valuable new relationships with them. Earlier this approach was utilized t
Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor
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