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Q. What is Breaking Time Barriers?
Computers as well as telecommunication networks break time barriers. The major capabilities of IT are to shorten the barriers. The major capabilities of IT are to shorten the response time to customers demand and reduce inventory investment to a minimum. Therefore it is helpful to make a company on agile competitor. With the assist of IT time intervals between a variety of critical steps in a business processes are shortened and it focuses on interval reduction and just-in-time operations. Produces who deliver their products as well as services in real time relative to their competitors will have a strategic advantage.
Exp- Toyota Motor Corporation concluded that it was costing additional to process the order on a car than to manufacture a car. Consequently it responded by developing a global telecommunications network that links computers of its dealer and distribution centres to the computers at its headquarters in Toyota City and the production and scheduling computers at its manufacturing centres.
What are the groups of the inventories of Always Better Control Analysis of Inventory Control? The inventories are classified within three groups as illustrated below: • A-T
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