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.
QUESTION 1 Examine the major justifications for government regulations in the business environment. Use examples from the Mauritian context to illustrate your answer QUESTI
Q. Describe Breaking Cost Business Barriers? IT is as well helpful for a business to gain strategic reductions in operations costs. Using Intranets as well as other telecommuni
Problem 1 (a) Exposure to mass media is the cultural universal that defines the modern world. Explain the influence of the mass media on gender roles. (b) Cultural diversit
QUESTION (a) What is management? Use your own words to define the concept Discuss the various functions which constitute the process of management (b) Describe the skills
Question: The central role of stakeholders in the successful delivery of projects is becoming increasingly recognized. Engaging effectively and ethically with key stakeholders
Question 1: You have been asked to give advice on telephone technique to someone who is about to start their first job. a) Describe FOUR factors to be considered in taking
QUESTION Managing is guiding human and physical resources into dynamic organisational units which attain their objectives to the satisfaction of those served and with a high de
QUESTION A family is planning a weekend break and wish to book a hotel room on-line. Their favourite hotel chain is called the Valiant Group, which owns hundreds of hotels thro
Question : KVC is situated about 50 km out of Vacoas. It produces organic jams, chutneys, juices, purees etc. and exports to African countries under the label "Legends". It als
Question : Mr X is president and general manager of AgriMark Inc., a successful and growing dairy cooperative that?s known for its high quality dairy products. Mr X is a deman
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd