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Different organizations & companies have different hierarchies & environments where information can be appeared in many different forms. As well as the flow of information can be changed one structure to another, As the relevant management authorities it is a must to learn about following aspects such as, types of information, sources of information, collecting methods, analysing trends of information, store and even dissemination of information in order to manage the information in a productive manner. By heavily considering about the above facts prepare a proper documentation to cover the following areas.
Identify and explain the different types of information & the uses of those different types.
Explain why information is important to perform day today operational changes.
Example: You are given the followings information in regard to an item: Annual usage = 20,00 units. Ordering cost = Rs. 160 per order Carrying cost = 20 % o
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