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For proper inventory control standardization of materials and products as well as simplification of the production line is necessary standardization refers to limiting of a production line to define types sizes and characteristics which are considered to be standard by which a comparison on evaluation can be made. Specification for components should also be fixed. it will ensure the quality or products manufactures. Simplification in inventories refers to the elimination of excess types and sizes of items. It leads to reduction in inventories and carrying cost.
When we refer to profitability, are we referring to more than the fact that the company is paying a dividend? Ans) Yes, absolutely. I focus on the right hand columns of the Stoc
How is the breakeven point computed? The Break Even Point (BEP) can be computed by using the given relation as follows: BEP = F / 1-V/P
Define Scope and Functions of Public Relations? Scope a) Receive information from public b) Advise management of attitudes and response c) Set policies and
identify and explain the major problems in the case
Leadership: In the 21 Indisputable Legislation of Leadership, John Maxwell sums up his interpretation of leadership as "leadership is sway - nothing extra, nothing fewer." Thi
When is the 1948s factories act applicable? 1948s factories act is applicable to any factory wherein ten or more than ten workers are working. The 1948s factories act has a pro
Question 1: Discuss the importance of applying the relationship-marketing concept to the marketing activities of Wal-Mart. Question 2: Explain how Wal-mart can monitor
goals of firm
Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?
How are the factors of organisational efficiency affected in Morale? Organisational efficiency: a. The way the organization is establish, the method the orders are specif
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