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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.
QUESTION Explain to the management of UTM Ltd the advantages and implications of using databases as opposed to using traditional flat file systems or spreadsheet files within t
QUESTION 1 (a) List four characteristics of effective "Business Messages." Explain briefly each characteristic with examples (b) Comment on the five benefits of effective co
It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
Problem 1: (a) What are the features of an effective performance appraisal system? (b) Discuss the advantages and disadvantages of performance appraisal systems? Proble
Do you believe there are differences between cross-cultural management, international business, and international management? If yes, what are the differences? If no, why not? •
What is the role of leadership in the management literature? In the management literature, each manager is a leader there. Leadership is a procedure of interpersonal affect. Th
The important functions of maintenance can be stated as follows: 1. To develop maintenance policies procedures and standards for the organization. 2. To schedule planne
Is anything unique about chris''s ideas?
Define the sources of manpower recruitment from outside the company. Sources of manpower recruitment by outside the company: • Friends and relatives of current workers duly
QUESTION (a) Describe the difference between informative and persuasive presentations and describe the key strategies for each of these types of presentations. (b) Why is it
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