1885 when Frederick W. Taylor emphasised the application of scientific analysis to methods of production. The name (OR) probably came from a programme under taken by Great Britain during world war2‚ “research in military operations”. After the success of OR in military operations‚ it quickly spread to all phases of Industry and Government. By 1951‚ OR had take place as a distinct science in the United States. Hence it is said that Or is “the art of winning war without actually fighting it”. OPERATIONAL
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OF POINT OF SALE TERMINALS WITH FINANCIAL INSTITUTIONS THROUGH WEB SERVICES ERIK-JAN MONSHOUWER‚ RAUL VALVERDE University of Liverpool Concordia University ABSTRACT With the conventional POS payment transaction method‚ vendors are bound to a payment institute in their region and can only use relatively expensive dedicated or slow dial-up lines to their financial institute. This paper report covers the work to produce an architecture and a prototype that supports Point of Sales terminal
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FINANCIAL PLANNING AND CONTROL Part One I. Overview of the Planning Process A long-term financial plan begins with strategy. Typically‚ the senior management team conducts an analysis of the markets in which the firm competes. Managers try to identify ways to protect and increase the firm’s competitive advantage in those markets. For example‚ the first priority of a firm that competes by achieving the lowest production cost in an industry might be to determine whether it should make additional
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SUB: OPERATIONS MANAGEMENT 1. Production planning functions can be broadly identified as a) Estimating ‚ routing ‚ distribution b) Estimating‚ routing‚ scheduling c) Estimating‚ distribution‚ collection d) Distribution‚ collection‚ scheduling 2. For efficient process of order picking by personnel‚ communication plays a vital role in any Organization and the directives they need to have are ____‚ _____ and _______. a) Simple‚ clear and straight b) Straight‚ clear and easy
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t i o n s Forecasting & Planning in the Food Industry A recipe to make it light! EyeOn bv Business Planning & Control Solutions Croylaan 14 P.O.Box 85 NL - 5735 ZH Aarle-Rixtel +31 492 388850 +31 492 388835 mail@eyeon.nl www.eyeon.nl Planning & control solutions in leading organisations An EyeOn white paper Forecasting & Planning in the Food Industry A recipe to make it light! Drs. André Vriens MTD‚ Ir. Edward Versteijnen‚ EyeOn BV Business Planning & Control Solutions‚ Croylaan
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Determining Capacity Requirements Capacity planning decisions involve both long-term and short-term considerations. Long-term considerations relate to overall level of capacity‚ such as facility size; short-term considerations relate to probable variations in capacity requirements created by such things as seasonal‚ random‚ and irregular fluctuations in demand. Because the time intervals covered by each of these categories can vary significantly from industry to industry‚ it would be misleading to
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MANPOWER PLANNING IN INDIAN RAILWAYS Introduction Manpower planning is a process which aims to have the right number of staff at right places with right type of skills at right times to enable the organisation to achieve its short term and long term goals. In other words‚ manpower planning is the system‚ which ensures the manpower availability at a given point of time.Manpower recruitment is related to matching the personal qualities of employees with the job requirements. Objectives of mpp 1)
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OPERATIONS STRATEGY PRODUCTIVITY‚ COMPETITIVENESS‚ STRATEGY Productivity is about how effective an organization is in the use of its resources. Competitiveness is how effective an organization is in the marketplace compared with other organizations that offer similar products/services. Strategy shapes the plans that determine the direction an organization takes in pursuing its goals. (US companies‚ suffering from impressive success of foreign companies on the US marketplace place increased
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What it takes to be a Good Sales Rep I chose to write about what it means to be a good sales representative. I have always wanted a career in sales and am very good at it. Since I was 21 I have been involved in some type of sales career. The most interesting of all was being a sales representative for Roadshow Marketing and traveling to different parts of the United States. Of all of the places I have traveled‚ Atlanta was the coolest gift mart I attended. A sales representative can make a
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Definition of sales promotion * An early def. of sales promotion :’Includes all those activities ‚which enhance and support mass selling and which compete and or coordinate the entire promotional mix and make the marketing mix more effective”. (John F Luick and Wiliam L Zeigher‚Sales Promotion & Modern merchandising‚TMH‚1968) * In a specific sense ‚sales promotion includes those sales activities that supplement both personal selling and advertising and coordinate them and help to make
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