Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Minimum Maximum Technique: The minimum maximum system is often used in connection with manual inventory control systems. The minimum quantity is established in the same way as any re order point. The maximum is the minimum quantity plus the optimum lot size. In practice a requisition is imitated when a withdrawal reduces the inventory below the minimum level and the order quantity is the maximum minus the inventory status after the withdrawal. If the final withdrawal reduces the stock level substantially below the minimum level the order quantity will be higher than the calculated EOQ.
The effectiveness of a minimum maximum system is determined by the method and precision with which the minimum and maximum parameters are established. If these parameters are based upon arbitrary judgments with a limited factual basis the system will be limited in effectiveness. If the minimum maximum are based on an objective rational basis the system can be very effective.
Normal 0 false false false EN-US X-NONE X-NONE
What are the objectives of the trade unions? The Objectives of trade unions are illustrated below: a. To take labour out of the competitive procedure; because when a number
Question: A promoter proposes to construct a stone crushing plant on the Eastern coast of the island. (a) Discuss whether he needs to submit an Environmental Impact Assessme
Question 1: (a) Describe the key characteristics of an ERP. (b) If some companies still maintain stand-alone software is good, then why multinational companies are implement
Question 1: "Planning, organising and controlling are the key functions of management." Discuss Question 2: Analyse the variety of skills that managers must display to
Autonomous maintenance by operators. Small group activities by R& D engineering, manufacturing logistics marketing and such various departments at all levels companywide ( co
"It's a cross functional business process designed to optimize development activities and customizes to fit business needs. It captures and shares what has worked well in the past
QUESTION 1 People are one of the most important resources in an organization. Consequently, one of the main functions of the human resource manager is to ensure that the organi
Question 1: (a) Explain the Communication Process Model and elaborate sequentially through the use of this model the various stages that can ensure effective business communic
Question 1: "Managing innovation is a challenge to management...." Peter Drucker How can management effectively manage innovation? Question 2: "Without exception, the d
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd