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Question 1:
Describe briefly how the different system/aids are used to ensure smooth working of the production process.
Question 2:
Show the merits of MRP
Estimates and maintains an optimised manufacturing plan, enables pro activeness, the right materials are at the right place at the right time, Reduced inventory levels and component shortages, Improved customer service, Reduced purchasing cost and manufacturing cost, Reduced lead times and excess inventory.
Features MRP uses to plan optimal inventory levels, purchases, and production schedules
Question: (a) A famous man once said: "If you do not know where you are going, how will you know how you will reach your destination". This sentence captures the importance of
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Briefly explain the reasons for the growth in outsourcing by organisations. Outsourcing involves the contracting out of a business function to an external third partyprovider.
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PR has recently joined FPC Company as the new Finance Director. He is needed to work towards getting the finance staff to play a fuller role in the company, becoming more integrate
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