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Question 1:
Define deterministic model of inventory control. Explain inventory costs and relationships
Question 2:
Describe the purpose of operations scheduling? List the benefits of production scheduling
Purpose of operations scheduling (To complete jobs by their due dates establishes the timing of production activities. deal with the tradeoffs among conflicting goals , day-to-day planning that answers ...) Benefits of production scheduling
(Optimises the supply chain, Connects to MRP, Ensures that the materials ordered arrive on time, Reduces labour spikes andfavourslabour load levelling...)
Question 3:
Describe in brief about Priority Rules for Scheduling? What are the uses of Gantt chart?
How is Inventory procurement costs expenditure connected? Inventory procurement costs that consists of expenditure connected along with as a. Its Receiving quotations b.
Problems associated with policies 1) Policies are liable to different interpretations since they allow discretion and are usually broad. If made specific they become rules and th
What are the approaches to allocate factory overheads? Product costing allocation methods - Plant wide allocation, Department allocation, Activity based allocation
Determine elapsed time of critical path when The critical path is given by points BCFG and the elapsed time 17 weeks. There D can over running by up to 3 weeks without
What do you mean by Gates and Milestones? Gates and milestones: Milestones are a completion of main interim objectives for a project for example the key stages of a pro
Question: (a) Explain how effective teamwork is beneficial to both the individual and the organisation. (b) Team leaders have to be on the lookout for symptoms of ineffecti
Materials Management as an Operating Function : In small scale industries generally the function of materials management is considered subordinate to the production func
Do you think Acorn’s solution was good? Why or why not?
QUESTION (a) Risk has always been an intrinsic part of project management. With increasing market dynamic conditions, Safety and Health in workplaces, changing technology and g
What are the benefits of project management software? Project management (PM) software benefits are as follows: a. Project scheduling b. Budgeting and controlling cost
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