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When is the ordering cost decreased?
Ordering cost falls while the size of order increases. It is because when the size of order raises for the similar quantity of inventory purchased annually, in that case less orders and thus administration cost would be needed for example, staff, phone calls and paperwork etc.
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
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Frequently, at the time the project charter is prepared there is only a very general understanding of the project, so if a budget is prepared it can only be a crude estimate.
what steps of lacation selection?
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