Just-In-Time Inventory Management Strategy & Lean Manufacturing Overview of Just-in-Time Inventory Management Just-in-time is a movement and idea that has gained wide acceptance in the business community over the past decade. As companies became more and more competitive and the pressures from Japans continuous improvement culture‚ other firms were forced to find innovative ways to cut costs and compete. The idea behind JIT‚ or lean manufacturing‚ is to have the supplies a firm needs at the
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ASEAN only Successes : Counter-Terrorism ASEAN realized how devastating terrorism can be to the region after the Bali Bombings in 2002. Several hundred people were killed in that incident and made ASEAN realize how real the threat of terrorism is. Such events pose a direct threat to the peace and security of the South East Asian region‚ and could also impede economic development in several ASEAN countries as a result. This is due to the fact that many ASEAN countries’ economies rely heavily
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Case Analysis: Procter & Gamble‚ Inc.: Scope Problem Statement Procter and Gamble’s mouthwash product‚ Scope‚ had a 32% share of the Canadian mouthwash market in 1990. However‚ Plax‚ a new category pre-brushing mouthwash launched in 1998‚ poses a continuing threat to Scope market share. In early 1991‚ Procter and Gamble’s brand manager for Scope‚ Gwen Hearst‚ must decide on a course of action for maintaining the profitability of Scope. She is tasked with developing a three-year marketing
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Question 1.1 “According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is‚ the highest-valued option forgone. The statement in the question is uncertain and is determined by situation
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PHYSICS‚TECHNOLOGY AND SOCIETY. Technology and society or technology and culture refers to cyclical co-dependence‚ co-influence‚ co-production of technology and society upon the other (technology upon culture‚ and vice-versa). This synergistic relationship occurred from the dawn of humankind‚ with the invention of simple tools and continues into modern technologies such as the printing press and computers. The academic discipline studying the impacts of science‚ technology‚ and society and vice versa
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This essay will review the strengths and limitations of the evaluation approach used for the ACTIVate physical activity intervention. It will also cover recommendations for how the evaluation could be improved. The aim of the evaluation is to assess the effectiveness of the ACTIVate intervention for improving child physical activity levels‚ and to explore the factors that contribute to the observed outcomes. Physical activity interventions are important as it helps promote a better quality of life
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transactions and also can be used as references in various need. To make a proper written communication‚ it needs various essentials. Communicators must have to ensure these essentials to make a proper and clean written communication. There is also some limitation of written communications like expensiveness‚ sluggishness etc. But these
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Possible Limitations of Team Building Team building as an organizational development intervention can have its limitations. The first problem may result from a team leader failing to identify the correct priorities for a team’s attention. (1) The leader may choose to lead the team in a skills-based team building exercise‚ such as learning how to give criticism or running effective team meetings. (2) However‚ if the reason why this team is not working together effectively deals simply with trust
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What is light produced‚ reflected and refracted into visible light? Refraction is the bending of a wave when it enters a medium where its speed is different. The refraction of light when it passes from a fast medium to a slow medium bends the light ray toward the normal to the boundary between the two media. The definition of produced visible light means when the electromagnets radiation meets the human eye. The first example of produced is a glow stick because it produces its own light . Another
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Benefits and Limitations of EC Vigneshwaran Sivaravindiran Sullivan University CSC560X-A2-07 Abstract E-learning is an innovative EC system which has been gaining much attention mainly because world-class universities are implementing it. E-learning can be useful both as an environment for facilitating learning at schools and as an environment for efficient and effective corporate training. (Turban‚ King‚ Lee‚ Liang & Turban‚ 2012). This paper describes the business and social benefits
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