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Question 1:
What are the various decisions Operations Managers are called upon to make in the manufacturing and service Industries for the various operational areas under his responsibility. Give suitable examples in each area.
Question 2:
(a) Explain the concept of Just In Time (JIT).
(b) Define briefly JIT Inventory Control System.
(c) List and weigh the important decision before launching a warehouse.
Question 3:
(a) Explain the concept of supply chain management.
(b) What changes have companies made to respond to the supply chain management concept?
the importance of the measurtement of market risk for financial institution
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Introduction of Operations Strategy The term strategy, given in the Collins English Dictionary is, 'the art or science of the planning and conduct of a war; generalship; a lon
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Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding
A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The ca
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You are the Stores Manager at the Ministry of Information and you have the responsibility of managing store room No. 101 where all blank papers for this Ministry are kept. The ann
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