The objective of efficient resource allocation refers to an economy ’s ability to meet its obligations in ensuring that all social and economic objectives are met without waste‚ for example to allocate resources so that they are distributed efficiently to improve the standard or living. This is the only way that we can ensure that we will be able to maximize the number of goods and services that we are able to provide. In addition‚ we will also be more likely to guarantee the long term availability
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Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is the demand for a product/services occurs as a result of a demand for another immediate good or service. When apply this concept on labour demand‚ the more a company’s product or service the market wants‚ the higher the demand for labour to involve in the production process. The essence of strategic human resources planning is to align human resources planning
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(1) Process Planning Products and their components are designed to perform certain specific functions. Every product has some design specifications which ensure its functionality aspects. The task of manufacturing is to produce components such that they meet design specifications. Process planning acts as a bridge between design and manufacturing by translating design specifications into manufacturing process details. It refers to a set of instructions that are used to make a component or a part
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to the Los Angeles Almanac (2015)‚ there is an estimated of 254‚000 men‚ women‚ and children experiencing homelessness in Los Angeles County. The Los Angeles County Board of Superiors has pledged millions of dollars to reduce homelessness. The planning process includes employment‚ land use‚ prevention‚ subsidized housing‚ coordination of services and street homelessness outreach. Various partnerships (public‚ private‚ & nonprofits) are working diligently together to house and provide imperative
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Florio Project Costing Allocation of resources to project tasks (labor and material): Resource allocation is critical since it involves the planning of all the resources required for our project. This will help us utilize only the amount of resources required for the project. As Project managers‚ often times we have to work in limited budgets. If we are able to do resource allocation efficiently‚ it can facilitate the project since resource allocation is one of the most difficult an important
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An educational project is one of the many ways that the community could be assisted in making sure that they achieve healthy living and improve its standards of life. An educational plan in this case will be important to outline what should be done‚ the strategies that will be used and the expected health outcomes. Therefore‚ this paper will discuss the goals and objectives of the educational project. The paper will also include the manner in which the project will be implemented with regard to education
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Graded Unit Planning process I’m currently studying HNC Care & Administrative Practice (Clinical Route) which involves doing placement hours at a local hospital and complete a Graded Unit which consists of three stages: planning‚ development and evaluation. In the planning process I must complete and develop a plan to show that I can help a patient I have chosen with a nursing activity. After having a meeting with my mentor to discuss which patient we felt would be a suitable candidate for me to
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Enterprise Resource Planning Subject Code-C102 MM.100 Part One: Multiple Choices Answers: 1. (c) Method of effective planning of all the resources in an organization 2. (b) Who have developed the ERP packages. 3. (a) Design step of ERP. 4. (a) Re-engineering approach
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past researches Enterprise resource planning (ERP) systems defined as an integrate business processes and information technologies into a synchronized suite of procedures‚ applications and metrics. ERPs are expected to enhance all of the corporate performance due to redesigned or rebuild business processes‚ integrated business functions‚ accelerated reporting cycles and expanded information capabilities (O’Leary 2000). On other hand Enterprise Resource Planning (ERP) system is business
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ABSTRACT This paper looks at the motive behind strategic planning. The various strategic planning models are illustrated in a concise but well elaborated manner. As a means of analysis and evaluation the strategic planning model is criticised constructively. Alternative approaches to strategic planning are discussed to the extent of assessing if only one approach is suitable and applicable in all situations or there is need for a specific approach for a specific situation or a
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