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Q. What do you mean by Inventory days? (Average inventory / Cost of sales) x 365 days Average inventory can be arrived by taking this year's and last year's invento
Product flows, information flows, service flows participants' roles
Strategic Cost Management It is a management philosophy pioneered by John Shank, in that decisions concerning specific cost drivers are made within the context of a company bu
ambassador is aknown brand in ethiopa. the company produces different kinds of product that assisting the company to generate maximum profit more that of competitors. today the com
Why are Crafting & Executing Strategy Important? 1. Crafting & executing strategy are the top managerial tasks for two very large motives:- (a). Here, compelling requirem
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A university has a small dorm with four rooms, in which three sophomores, A, E, and J, and a freshman, C, are residing. Not being equipped with gas/electricity meters for individua
Advantages of divisional structures - Quicker decision making e.g. autonomous divisions do not have the long-winded process of a long chain of command when making competitive d
Comparison of Conventional and JIT Wisdom JIT philosophy Ideal lot size is 1 Balanced production is best Inventory is wasteful Eliminate waste Handle only so
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