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How is Inventory procurement costs expenditure connected?
Inventory procurement costs that consists of expenditure connected along with as
a. Its Receiving quotations
b. Its Processing Purchase Requisitions
c. Its Following up and Expediting Purchase order
d. It Receiving materials and after that inspecting them
e. Processing Invoices of seller
Steps for National Competitive Bidding (NCB) Similar to ICB, we have two ways involved in NCB: one with pre-qualification, another without prequalification. Steps for NCB are
Question 1: "Total Quality Management is regarded as a quick fix solution by many organizations.This has led many companies to start on the road to total quality improvement in
How are communication and coordination beneficial in project management software? Communication and coordination: Project software can give automatic report templates al
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What do you mean by fixed costs? Fixed Cost: Cost may be described as the amount of expenditure incurred upon, or attributable to a specified thing. Fixed costs are such
QUESTION (a) Accurate estimation is crucial for effective planning and control and is associated with time, information, experience of estimator, techniques used and funding. D
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Define how you would estimate the quality control and familiarisation activity. Quality control can be added like a percentage on top of all 'doing' activity like creating prog
Analysis of Line Balancing Problems The procedure involves the followings steps: Determine the number of work stations and time available at each work stations.
Disadvantages of Product Layout - Inflexibility Inflexibility is a drawback of this type of layout. The equipment laid out is designed to perform specific operations. No machi
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