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The product which is rejected in final inspection represents a direct loss to the manufacturer. Therefore most companies have a system of review of the rejected product. This review is generally carried out by a committee comprising representatives of production and Quality departments which takes decisions on the followings issues.
a. Quantity of stores to be accepted for sale as second quality.
b. Quantity of stores to be salvaged by rectification or repair.
c. Stores to be finally scrapped.
What are the objectives of the Inventory Control? Inventory control is concerned with achieving an optimum balance between two objectives which are:- 1. For minimising inves
what is firm and its environment of organization and management?
Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it woul
Explain what is meant by Matrix management and support your explanation with a schematic representation - In simple words, Matrix management is a technique of administering
Most air travelers now use e-tickets. Electronic ticketing permits passengers to not worry about a paper ticket, and it costs the airline companies less to handle than paper ticket
Explain the different delivery styles that speakers can select for their presentation
What measures can be utilized to control subsidiaries that are less than 100 percent owned by the firm or joint venture partners in which the firm has no ownership?
how do I apply this to Apple Inc. ?
WHAT IS THE LIMITATION OF PROFITS AND LOSS CONTROL
A company is considering whether to purchase a piece of land that has come up for sale at a cost of $10 million. Two suggestions have been made for the use of the land. One is to
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