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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.).
Q. Show the Merits of residual income? Merits of residual income (RI) - Consistent or goal congruence with profit maximisation e.g. an enforced measure of profitability.
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does this concept fit in under the evaluation of strategic options
conduct a strategic analysis, and write a report on a real-life business (MYER) . This report will focus on business-level strategy.
explain strategy as an organisational process
Critically evaluate and analyse leadership you have witnessed in specific situations. This means comparing concrete examples (what was said and what was done) to relevant theories
You are considering shortly opening a copier serving center near a university. Your estimate of fixed cost is at $15,000 a year and the variable cost for every copy made is $0.01.
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groups and or teams will solve all the effectiveness and efficiency challenges facing the 21st century organisation
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