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Materials Management as an Operating Function : In small scale industries generally the function of materials management is considered subordinate to the production function. The materials manager acts as a subordinate to works manager. Materials management is considered as a service function to operation and is regulated with other operations under the control of works manager. The splitting of the materials management department will largely depends on the quantum of the work of each section and the need of the organization.
Project management Process According to PMBoK, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed
How is Economic Order Quantity depended on costs? Economic Order Quantity depends on two costs as illustrated below: - Inventory procurement costs that consist of expenditur
Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use
While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, wa
Goal A goal is a statement of where the organization wants to be at a specified time in the future. The purpose of goals is to provide direction to the organization. The steps
What is communication in organisation? Communication: An organisation structure gives channels for the flow of information on that the decisions of the organisation will
Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000
Question 1: (a) Briefly discuss features of learning organizations. (b) Identify two pitfalls in implementing ‘Citizen's Charters' in public sector organizations. Ques
Program planning An effective and disciplined planning of a project is directly related to customer satisfaction. Since customer expectations always include timely delivery as
Non-political, not-for-profit, cause-orientated organisations drawn from more than one country are known as Non-governmental organisations (NGOs).
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