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Question 1:
What is understand by a production control system and how are the elements of control systems categorized?
Question 2:
Bring out the differences between forecasting and prediction.Each difference 1 mark
Question 3:
Describe the various inventory control methods and costsDefinition of inventory control and inventory cost
Approaches to inventory control• The Eyeball system.• The Reserve Stock System.• The Perpetual Inventory System
Inventory Costs• Ordering costs• Carrying costs / Holding cost • Setup cost or Capital cost• Shortage Cost or Stock Out costs
Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project mon
Question: (a) Project Value Management has gained significant acceptance in different fields of business and is regarded as a useful tool for promoting project sustainability
Question: (a) Past projects have shown that cost escalation is a common phenomenon with respect to the amount by which actual costs increases overrun the initial estimated cos
In response to changing customer demands and strong competition, the new product development team of Z Company has been working on a new product range. However, the process has not
Q. Concept Development and Testing in process of development? A concept is an elaborated version of the product idea. The concepts are developed to the extent of the new produc
Question: (a) The underlying reason for benchmarking is to learn from best practices and implement them in your organization in an attempt to improve your business processes
C ustomer value There is a considerable debate within the business world on whether the companies will have to deliver value for the shareholders or the customers. There are m
Re-work effort (hours, as a percentage of the creative coding hours) Re-worked LOC (source lines of code, as a fraction of the total delivered LOC) Re-worked software compone
Aim The purpose of the Syringe management plan is to protect the social community against injury by syringe and help people manage syringe in proper manner. According to the re
Askd question #Minimum 100 words accepted#
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