The basic objective of inventory management is to provide the company with uninterrupted sales‚ production and customer service by incurring minimum cost. The inventory represents large portion of current asset of the company and also represent the volume of investment that is tied up in in form of raw material or finished products. Inventory management helps the managers to keep track of the inventory and also helps in reducing cost to the minimum level. Good inventory management helps the business
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Resources are scarce; profit making organization should know how to utilize these resources effectively and efficiently. The inventory control section of a company is responsible for these activities‚ in order to continue the operation of the organization through out the year they have to use the rules and principles to handle different kinds of materials. Since it improves inventory handling activities with in the organization‚ it will help to avoid utilization of resources for un authorized purpose and
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related to each other. Science is a systematic knowledge base‚ where a series of steps is followed in order to reliably predict the type of outcome. It is all about theories and focused on analysis. Science is the key by which man go anywhere at any time in the space. It has brought about several outstanding advantages to mankind. Technology‚ on the other hand‚ is more of an applied science. It is where tools and knowledge are used for the study of a particular science. It is all about process.
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Department of Accounting & Information Systems Course Code: MIST304 Semester: Spring First Semester 2013/14 Start Date: 23rd April‚ 2014 Submission: 26th May 2014 Course Instructor: Assessment Instrument (specify): Group Project This instrument assesses the following Course Learning Outcomes (CLO): CLOs: Maximum 20 Marks. This constitutes
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Ch. 12 Review- pg. 315 1-23 Answers 1. The process by which one strain of bacteria is apparently changed into another strain is called. c. Transformation 2. Bacteriophages are d. viruses 3. A nucleotide does NOT contain b. polymerase (enzyme use for adding more nucleotides) 4. In prokaryotes‚ DNA molecules are located in the c. cytoplasm (no nucleus) 5. The diagram below shows the process of DNA a. Replication 6. The main enzyme involved in linking individual nucleotides
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Name: Chapter 21: The Revolution in Politics AP Euro ~ Mr. Nielsen Complete the graphic organizers as you read Chapter 21. DO NOT SIMPLY HUNT FOR THE ANSWERS AS DOING SO WILL LEAVE “HOLES” IN YOUR UNDERSTANDING OF THE TEXT. Be sure to include details regarding the political‚ economic‚ intellectual‚ and social/cultural themes. Although this graphic organizer only covers some sections in the chapter‚ you are responsible for reading the
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Perpetual Inventory System "The perpetual inventory system is best suited for the sort of enterprises that usually keep a high inventory and have a high turnover. It is also well suited for the type of industries where there isn’t much processing to do‚ so the inventory exists at only one level (for sale) rather than at three levels (raw materials‚ work in progress and for sale). It is well suited for the fact that inventory checking is an important part of the operations of this industry
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OBJECTIVES OF INVENTORY MANG. Answer Through the end of the 1980’s‚ most software packages for distributors placed an emphasis on sales and accounting related modules. In the early 1990’s‚ many distributors recognized that they needed help controlling and managing their largest asset‚ inventory. In response to this need‚ several computer software companies developed comprehensive inventory management modules and systems. These new packages include many new features‚ designed to help distributors
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TOPIC: TO ASSES THE IMPACT OF INVENTORY MANAGEMENT ON ORGANIZATIONAL PERFORMANCE-A CASE STUDY OF CHILDREN’S AIDSFUND UGANDA STATEMENT OF THE PROBLEM Inventory management has become a very prominent concern for both large and small companies as they strive for better quality and higher customer satisfaction (Mentzer et al. 2000; Chopra and Meindle 2001). According to a recent Deloitte Consulting Survey‚ 91 percent of North American manufacturers rank inventory management as very important or
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Ethical Lens Inventory I’ve always thought of myself as a people person and this Ethical Lens Inventory confirms my pervious thinking. My preferred ethical lens view point is reputational lens. This means I use my intuition to determine what character traits best serve the community. Through this ethical lens inventory I learned that my blind spot is unrealistic role expectations. I can see this in my everyday life as I find myself disappointed when people do not perform the duties or task
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