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Question 1:
What is understand by a production control system and how are the elements of control systems categorized?
Question 2:
Bring out the differences between forecasting and prediction.Each difference 1 mark
Question 3:
Describe the various inventory control methods and costsDefinition of inventory control and inventory cost
Approaches to inventory control• The Eyeball system.• The Reserve Stock System.• The Perpetual Inventory System
Inventory Costs• Ordering costs• Carrying costs / Holding cost • Setup cost or Capital cost• Shortage Cost or Stock Out costs
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
external factors affecting scheduling
All the persons working in the organization ( inducing managers and workers ) should be involved in TQM operation if it is to serve its purpose fully. TQM is a strat
Steps for National Competitive Bidding (NCB) Similar to ICB, we have two ways involved in NCB: one with pre-qualification, another without prequalification. Steps for NCB are
Explain about the term Performance Appraisal in organization. Performance Appraisal: This is a systematic and impartial assessment of an worker’s performance on the assign
T Company has identified a need for, and made a decision to open, a new training centre in one of the major cities in E Country. This is a large scale project for T Company and it
Project management Process According to PMBoK, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed
what is the thumb rule to calculate the housekeeping manpower requirement in office
QUESTION While scoping a project, as much information as possible should be gathered about the wants and concerns of sponsors and end-users. What are the useful channels of
Steps involved for International/Global Competitive Bidding (ICB) Now that we are aware of the requirements of ICB, let us understand the steps involved in ICB. There can b
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