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State the Perpetual inventory control systems
Continuous (Perpetual) Inventory Control Systems:
Stock levels are continually monitored and reviewed within ‘real-time’ and orders placed while stock reaches or falls below a pre-found reorder level. This reorder level could be for standard or variable quantity every time but ordering does not arise at predetermined intervals of time.
Participation - Types of Managerial Tactic The participative manager initiates the planning and strategic imperative and involves group participation. Usually from carefully s
Function of Dispatching Under dispatching the following functions are included: 1. Assignment of work to individual machines or work places and men, 2. Movement of materi
Where is Performance Appraisal help? Performance Appraisal assists in operational decision making in personnel management gives clues to management for effecting improvements i
Simultaneous Motion Cycle: It is sometimes required to record in minute detail the simultaneous movement of the different parts of the body of an operator duri
Breadth of Supplier Base - Many or Few Suppliers The traditional approach to supplier selection is to prepare a tender document and request a quotation from a range of suitabl
What is the historical evolution of operations management?
Recently some Operations Management experts have begun insisting that simple minimizing process velocity, which actually means minimizing the time that it takes to process somethin
Compare internal vs external recruiting. When would you want to use each option? what are some advantages and disadvantages of each?
Productivity A measure of a firm's effectiveness, productivity is measured by dividing the organization output by the number of hours people worked to procedure the output. Pro
Failure to anticipate and mitigate circumstances that might impede the success of change initiatives is why so many initiatives fail. From a business managers perspective, what doe
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