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Explain how Material Requirements Planning (MRP) might improve operations.
Reduced stock holding
MRP can simplify inventory control and levels of stock holding may be decreased, thanks to precise planning so potentially improving both cash flow and company liquidity.
Help meet customer requirements
MRP can contribute to increased customer service as there will be fewer delays through materials shortage. Similarly MRP can give a base for providing swift, reliable quotations where delivery times are important.
Enhance planning of operations
The systemised planning that MRP brings means that there will be improved facilities utilisation and less time spent on hurrying emergency orders by (possibility of displacing other activities or incurring overtime payments, etc.).
Akash Engineering Ltd. (AEL) had achieved sales of Rs. 3440 lakhs during the year 2004-05 against sales of Rs. 1209 lakhs previous year. The sales this year were highest ever achie
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does this concept fit in under the evaluation of strategic options
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At this time, take a step back and clear your head. Spend a few moments in deeper thought about yourself, in a self-evaluative manner. Then, describe how you will incorporate what
market barriers
The group consolidated financial results would normally be effected, if an internal buyer uses their autonomy and makes a decision to buy outside the group, rather than buy interna
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Instant competition blinds a company to latent competitors who can demolish the old ways of doing business.
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