1. Indirect labor is a part of: B. Conversion cost. Labor that cannot be physically traced to particular product is treated as indirect labor and as manufacturing overhead. Conversion cost is the sum of direct labor and manufacturing overhead. These costs are incurred to convert materials into the finished product. Indirect labor is treated as part of manufacturing overhead. 2. Prime cost and conversion cost share what common element of total cost? B. Direct labor. Prime cost is the sum of
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Supply Chain management and Financial Performance of Agora Prepared By: ID Name 05-51 Md. Asibur Rahman 05-63 Moheuddin Ahmed Hemal 05-101 Md. Golam Sarwar Submitted To: Dr. Md. Abdul Hannan Mia Pofessor Department of MIS University of Dhaka Date: 25.11.2014 Contents History of Agora 4 Supply Chain Management of Agora 5 Supply Chain for Agricultural Products 5 Supply Chain for Consumer Products 6 Supply Chain for Imported Goods 7 Overall Supply Chain Activities 8 Financial
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Green Supply Chain Management‚ Marketing Tool or Revolution? Françoise van den Broek Published on the occasion of the inaugural speech related to the lectureship Logistics & Sustainability Green Supply Chain Management‚ Marketing Tool or Revolution? Françoise van den Broek Published on the occasion of the inaugural speech related to the lectureship Logistics & Sustainability F.N. van den Broek-Serlé‚ MSc‚ CEMS MIM‚ MTL Breda | Zoetermeer‚ the Netherlands‚ January 2010 This
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IMPLEMENTING SUCCESSFUL SUPPLY CHAIN PRATICES IN ORGANIZATIONS (Individual Assignment) – Wal-Mart Founded by Sam Walton in 1962‚ Wal-Mart was ranked second in the global Fortune 500 list in 2009 (Refer Table 1). It was the largest retailing company in the world‚ which specializes in satisfying consumers’ durable goods product needs and offering consumers a choice multiple merchandise lines‚ at variable price points‚ in all product categories. TABLE 1 GLOBAL FORTUNE 500 LISTS (2009)
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vendors that supply raw material‚ producers who convert the material into products‚ warehouses that store‚ distribution centers that deliver to the retailers‚ and retailers who bring the product to the ultimate user. 3- The network created amongst different companies producing‚ handling and/or distributing a specific product. Specifically‚ the supply chain encompasses the steps it takes to get a good or service from the supplier to the customer. 4- Definitions of a "supply chain" virtually universally
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survive; Supply Chain Management (SCM) becoming the main topic for improving efficiency and satisfy customer’s need. The supply chain of a company consists of different departments‚ ranging from procurement of materials to customer service. Supply chain management means transforming a company’s “supply chain” into an optimally efficient‚ customer-satisfying process‚ where the effectively of the whole supply chain is more important than the effectiveness of each individual department. Cost involved
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Complex Supply Chain Networks and Supply Chain Drivers: Abstract The analyst in the Distribution‚ Engineering‚ Maintenance‚ and Productions Management Group of the Central Engineering Department for Canbide Corporation is in charge of analyzing various operations at all of Canbide’s facilities. The purpose of our group is to analyze operations‚ report our findings‚ and make recommendations for continued improvements and implementations of Operations Management (OM) tools. The remainder of this
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Chapter 4 Supply Chain Study Guide Sustainable Sourcing Green Purchasing Practice aimed at ensuring that purchased products or materials meet environmental objectives of the organization Waste reduction‚ hazardous material elimination‚ recycling‚ manufacturing and material reuse Globally recognized Institute for Supply management- “making environmentally conscious decisions throughout the purchasing process‚ beginning with product and process design‚ and throughout product disposal” Sustainability
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2.3. Components of Supply Chain Supply chain management consists of four typical components. Close Partnerships For a supply chain to function‚ chain members must treated each other equally. Members tend to form strong partnerships in order to maximize production. Partnerships usually extend to an agreement between two firms‚ but in supply chain managements‚ multiple firms agree to partnerships. These partners "manage the total flow of goods from the supplier[s] to the ultimate
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Kapur 2012PGP097 Vineet Jain 2012PGP061 IRCTC-CATERING SUPPLY CHAIN ANALYSIS AND SUGGESTIONS FINAL REPORT Table of Contents EXECUTIVE SUMMARY 3 The Mission of IRCTC 3 The Business activities of IRCTC includes 3 OBJECTIVES OF CATERING POLICY 4 DESIRED SERVICE OFFERING 4 SERVICE QUALITY DIMENSIONS 4 MAJOR QUALITY INITIATEVES BY IRCTC 5 IRCTC CATERING PROFILE 5 Food products catered by IRCTC: 6 THE SUPPLY CHAIN OF IRCTC CATERING SERVICE 7 CURRENT STATUS AND CAPACITY OF
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