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How are multi-skill staff and multipurpose machinery flexible?
Multi skilled operatives permit greater flexibility and economies of scope. For example quite than just being a miller or grinder or welder, operative employees could be trained to perform all three jobs. Such operatives can also be trained to accomplish routine maintenance onto equipment and machines, in order to diagnose and accurate routine problems earlier, quite than relying onto a specialised maintenance crews. All these techniques support and facilitate JIT production processes.
Benchmarking - Performance and Productivity Measures Benchmarking is the practice of comparing business practice and in particular performance between companies. It has become
Explain the eight general strategies in the business buying decision processes.
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Consider this statement: "To make effective decisions, managers must use basic cost and revenue relationships." What are cost and revenue relationships? Describe them in detail.
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