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There are three main purposes or motives of holing inventories:
a. The transaction Motive : Which facilitates continuous production and timely execution of sales orders .
b. The precautionary Motive which necessitates the holding of inventories for meeting the unpredictable change in demand and supplies of materials.
c. The speculative Motive which induces to keep inventories for taking advantage of price fluctuations saving in re ordering costs and quantity discounts etc.
Discuss how organisational commitment encourages knowledge sharing.
The human element is the most important input in any industrial enterprise and it is the one which is most difficult to control. Quality Management is essentially a control
QUESTION 1 (a) Distinguish between policy analyses and policy advocacy. (b) Why is policy advocacy important? (c) Why is it questionable that policy analysis can ever "so
Plants : Numbers changes occur about the plant which include plant layout multi function workers, demand pull production kanbans self inspection MRP ( material requirements pla
as an enterpreneur ,if given 50000 what business would you do?
Illustrates the procedure of job evaluation? Procedure of Job Evaluation: The process for job evaluation is as specified below: a. Know the jobs to calculate. b. Sel
Question 1: (a) Define Industrial psychology and explain some of the major environmental challenges that are facing the organizations and management. Briefly describe these
Draw a Context Diagram and a Level 0 Diagram using Visio for the following system : The pharmacy at Mercy Hospital fills medical prescriptions for all hospital patients and di
an analysis of the fluctuation in share prices of fujitsu LLC and Dell LLC yielded the following results fujitsu LLC Dell LLc Average Price 138.0 118.5
Question 1 Explain the importance of studying Organisation Behaviour Question 2 Define ‘learning'. Describe various learning theories Question 3 Describe the personality
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