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Explain the process of the procurement of raw material and components.
Managing the procurement of raw material and components into the production process of an organisation can be a major and complex process. Many organisations operate within just in time (0JIT) environments, attempting to minimise material inventory and handling, this typically requires effective communication and good systems to allow uninterrupted flow of production. The relationship between purchasing and other departments is a very important one; it ensures inventory arrives at the right place, right time, right quality, right quantity and the right price.
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K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
Consider a fast-food restaurant that is trying to improve its service during the 12:00 - 2:00 lunch period. Right now the restaurant employs 5 different single-channel queues, but
President of Washington Enterprise and controlled 16 plants throughout the South. Extensive evaluation of personal records revealed the name Sid Smith, assistant plant manager in A
Computer simulation Used to Evaluate Capacity In many systems, proper scheduling of the conveners ion can lead to better use of existing capacity. Sometimes a careful analysis r
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Why do some firms no longer rely only on competitive bidding when awarding purchase contracts?
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What are potential advantages and disadvantage of locating a production facility in foreign country instead of using domestic location?
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