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This is the time gap between placement of an order and the time of actual supply. The determination of lead time is a complicated matter.
It is of core significance in determining the stock level.
Lead time + servicing Time + Delivery Time + Receiving Time.
The minimum maximum and average lead times differ from unit to unit and time to time. It is a procurement cycle.
Briefly describe two strategic businesses- IT alignment perspectives, proposed by Henderson and Venkatraman (1993), where the IT strategy is the "enabler" of business strategy. For
What are the reasonable limits on loyalty to one''s employer?
QUESTION (a) Explain how a commercial bank normally derives its profits. (b) The business of banking entails risk taking to achieve return on investment since profits are co
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How is the breakeven point computed? The Break Even Point (BEP) can be computed by using the given relation as follows: BEP = F / 1-V/P
Globalisation Globalisation is becoming increasingly popular amongst modern day business, due to the business market evolving at an extremely fast pace, it is necessary for or
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Distinguish between circulars and notices along with formats
How is the responsibility and authority affected in the organisation? Responsibility and Authority: Responsibility implies accountability. This is the obligation of the s
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