Production control system, Project Management

Assignment Help:

Question 1:

What is understand by a production control system and how are the elements of control systems categorized?

  • Description of production control system
  • Categorization

Question 2:

Bring out the differences between forecasting and prediction.
Each difference 1 mark

Question 3:

Describe the various inventory control methods and costs
Definition 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


Related Discussions:- Production control system

Evaluating the domain model, o Is the domain model a complete representatio...

o Is the domain model a complete representation of the relevant objects in the problem domain? o Are associations between problem domain objects captured? o Are specializatio

What do you mean by fixed costs, What do you mean by fixed costs? Fix...

What do you mean by fixed costs? Fixed Cost: Cost may be described as the amount of expenditure incurred upon, or attributable to a specified thing. Fixed costs are such

Uses and benefits of risk breakdown structure, Uses and Benefits of RBS  ...

Uses and Benefits of RBS  The main uses and benefits of the RBS are outlined in this section.  Risk identification aid  Risk Breakdown Structure is used as a list that

Identify the critical path by activities and duration, Identify the critica...

Identify the critical path by activities and duration. Activity          Duration (Wks)       Preceded by A                     5                               -

What planning concerns in project management, Question 1: Harvey Maylor...

Question 1: Harvey Maylor discusses a ‘generic' life cycle to help in project management. Explain what is meant by project life cycle and critically discuss the benefits that

Degree of customer contact, Degree of Customer Contact The extent to w...

Degree of Customer Contact The extent to which customers get involved in the production system has important implications for the design of production processes. In custom bui

Risk categorisation , Risk Categorisation  Management of risk involves:...

Risk Categorisation  Management of risk involves:    Prevention: To deal with causes.    Recovery: To deal with effects.  There are three categories of project r

Quality tools in process improvement, Question : (a) Describe the impor...

Question : (a) Describe the importance of the following quality tools in process improvement: (i) Pareto diagrams (ii) cause-and-effect diagrams (b) The Managi

What are the purposes of budgets in risk management, What are the purposes ...

What are the purposes of budgets in risk management? The purpose of budgets: P   Planning R  Resource employment or responsibility accounting I   Integration and/o

Project management functions, Project Management Functions Let us now d...

Project Management Functions Let us now discuss the project management functions. Project management process consists of five core functions to utilise resources to accomplish

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd