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1. Name three methods of system classification and typical examples.
Answer:
1. Volume/variety;
2. customer interaction/labour intensity;
3. Boulding's classification.
What is the aim of focus factories in manufacturing? Focus factories: The aim of this is to decrease the cost of ‘part finished stock’ for example, work-into-progress. P
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What is ABC analysis in inventory control? Discuss its advantages/disadvantages
1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one
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1. general procedures for making location decision 2. factors to consider in layout selecgtion
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