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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.
Explain Lead Time. Lead Time : Lead Time is the time that takes the stock to reach from Re-order point to minimum stock level. This may be also defined as the time as elapses
How do you determine as a project manager when project work should be contracted out, and how does risk enter into the decision?
what is production and operation management?
Question: S&V Industries manufactures book cases. Different sizes of cases are kept in inventory. The company has 80 man-hours and 36 pounds of wood available each day. 2 pounds of
whom will rajendra eat with
After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine
Describe the organizational structure that results from each of the different bases of departmentalization?
1) Should Jeff go ahead and place the order he knows is coming and win the contest while risking the anger of Ron Yokum? 2) How much latitude should a salesperson assume in clos
What happens if balance doesn’t exist?
Examine the steps of the supply process in Chapter 4 of the text and identify a project where improvements could be made in one or more of the steps. Would the project have been mo
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