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Quality is the performance of the product as per the commitment made by producer to the customer. It is the degree of excellence at an acceptable price and the control of variability at an acceptable cost. The qualities required for various factors are quality of materials manpower machine and management. The quality requirement of material directly affects the inventory decision.
Important of Maintenance Management 1. Dependability of Service: it is one the performance measures by which a company can distinguish itself from others. To establis
The idea of humans as capital means that humans have a particular worth to a company (or society). Education enhances that worth, making individuals more able to contribute to a co
What are the major services of Management Information System? The MIS (Management Information System) provides information onto the past, present and projected future and on as
Cycle inventories are held for the reason that purchases are usually made in lots rather than the exact amount which may be needed at a point of time. Of course if all p
What are the objectives of the Inventory Control? Inventory control is concerned with achieving an optimum balance between two objectives which are:- 1. For minimising inves
For this discussion please locate (and read) the Pinto and Pinto (2011) article titled "Leveraging the Power of Differences: Workforce Diversity" (see full reference below) Then p
Describe and evaluate what Charles Schwab is doing
Many state laws require a corporation to form a board of directors to represent shareholders and make decisions on their behalf. The board of directors is ultimately responsible f
What is Breakeven Analysis? Breakeven Analysis: It implies that at several point in the operations, total revenue equivalents total cost. This analysis is concerned along
Problem 1: "Planning is important for the success of an organisation. Yet many organisations are reluctant to be involved in the planning process". Discuss the validity of thi
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