Write short notes on risk management, Business Management

Question 1 What is Flexible Manufacturing System (FMS)? How does it help in improving the manufacturing process?

Question 2 What is Logical Process Modelling and give the comparison between Logical and Physical Modelling?

Question 3 Write short notes on Risk management

Question 4 List out the inventory decision rules for MRP and the benefits and drawbacks of MRP

Question 5 The v4L learning principles are perfectly blended across all Toyota supply chain management processes to systematically concentrate on the v4L balance. Explain them

Question 6 Describe the key elements of Just In Time

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