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.
factors affecting the calculation of MRp
Question 1 Explain the economic and social objectives of Business Question 2 Explain the concept Co-operative Sector and its types Question 3 Explain Logistics Networkin
what is the role and significance of quantitative techniques in modern management?
"consumer mind is a black box" discuss
Competitive Environment and Strength of a Company Over the years the growth in Glass industry had slowed down and margins are shrinking in high volume markets. The reason attr
How is the Effective Delegation affected in the organisation? Effective Delegation: Effective delegation is said to exist while an executive in place of doing all the thi
The average employee today is more educated then they were ten, twenty or forty years ago, but why? What factors exist to explain this? If the firm is to train employees, what is
What is democratic in leadership? Democratic: • Leader consults and discusses, invites suggestions and ideas by subordinates and after that takes decisions. • Increase
A) Describe the typical development pitfalls related to the development of a data warehouse. B) Outline, using a labelled diagram, the basic architecture of a data warehouse and
QUESTION "There is a growing emphasis on the importance of interpersonal communication. This arises from the realization that the greatest challenges to management are not prob
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