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What are the advantages of the chase demand strategies?
The advantages of the chase demand strategies are as illustrated below:
a. Flexible utilisation of resources for instants economies of scope, the cost savings accomplished by utilising very similar staff or machines for a multitude of various tasks.
b. Minimisation of stock levels (intend is zero stock) and consequently cash-flow tied up while resources are under-utilised.
Under what kinds of circumstances might an organization wish to use control limits of 2 standard deviations or even 1 standard deviation? What should it bear in mind when using the
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