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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.
ambassador is aknown brand in ethiopa. the company produces different kinds of product that assisting the company to generate maximum profit more that of competitors. today the com
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Protecting and strengthening the organization's position in its present markets by its current products
Q. Problems of pursuing only profit objectives? - Conflict with other stakeholder goals for example customers will want a better service and not want to pay anymore, a better s
The strategy
Identify FIVE potential difficulties that might arise for an organisation following the introduction of a new system if support and training are inadequate. Inefficient operat
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explain strategy as an organisational process
Question: (a) To prepare a successful quality based strategy requires an effective leadership. Explain briefly the requirements of effective leadership in this context.
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