basic measure of performance for economics‚ industries‚ firms and processes. Improving productivity is a major trend in operations management because all firms face pressures to improve their processes and supply chains so as to compete with their competitors. Productivity is the value of outputs (services and products) produced divided by the value of input resources (wages and cost of equipment). The labour productivity is given by‚ Labour Productivity=OutputLabour Hours As a manager‚ the thing
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Question 1 DEFINE OPERATIONS MANAGEMENT AND DISCUSS ITS ESSENTIAL FEATURES AND THE IMPORTANCE/BENEFITS OF OPERATION PRIORITIES Introduction: Every organization is in business because it has products‚ services and in some cases a combination of the two (i.e. product and service)‚ that it offers customers as a solution to a particular need or want they have. This implies that‚ the very core business of every organization is to get these products and services readily available to customers‚ through
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Tapescript – Role Play in Business Meetings (NF=Nigel Fraser‚ M=Martin‚ J=John‚ E=Eliana‚ D=Denise‚ MK=Markus) N I think we all agree that we need to work a lot better as a team. I’ve got some suggestions for improving our teamwork. I’d like to share them with you and see how you feel about them. OK‚ let’s start with meetings. At the moment we meet once a month. That’s not enough. In future‚ I’d like us all to meet once every two weeks. I would expect everyone to attend‚ and to be on time
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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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Internship Report On Standard Costing Procedure & Cost Variance Analysis: A Study on GlaxoSmithKline Bd. Ltd. Submitted To Mr. Syed Manzur Quader Lecturer Independent University‚ Bangladesh Chittagong Submitted By TASBEER AKTAR ABEER ID#0311022 Independent University‚ Bangladesh Date of Submission: 10th September‚ 2007 Letter of Transmittal Monday‚ September 10‚ 2007 To Mr. Syed Manzur Quader Lecturer‚ Independent University‚ Bangladesh Chittagong Sub: Submission of Internship Report.
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Compendium of Accounting Standards (including Interpretations as on July 1‚ 2006) THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI COPYRIGHT © THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA All rights reserved. No part of this publication may be translated‚ reprinted or reproduced or utilised in any form either in whole or in part or by any electronic‚ mechanical or other means‚ including photocopying and recording‚ or in any information storage and retrieval system‚ without
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TERM PAPER STANDARD COSTING MANAGEMENT ACCOUNTING & CONTROL SYSTEM Srinidhi Rangarajan 1PB11MBA34 3rd SEM M.B.A PESIT ABSTRACT In recent years‚ numerous tools such as activity-based costing‚ the balanced score card and target costing have gained prominence in the business community. Nonetheless‚ traditional management accounting continues to be prevalent in practice. One example is standard costing‚ which has been used on a wide front during
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The Power of Controlling Language Language has power and the speaker is presented with two options to use. Uplifting or controlling. Controlling is the more effective of the two‚ as it utilizes fear and lies to manipulate the victim. Uplifting language tries to persuade with positive remarks and is gentler to the audience. George Orwell stresses this thesis with Animal Farm‚ a story of rebellion and an allegorical story about a communist society that becomes corrupt. Animal Farm demonstrates controlling
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Controlling Oil Aeration and Foam * Print Marianne Duncanson‚ ExxonMobil Tags: contamination control Foam and air entrainment problems are quite common‚ but are traditionally hard to treat. Previously‚ the standard procedure was to run an ASTM D892 foam test on the offending oil‚ and then indiscriminately add an aftermarket additive‚ usually silicone-based. Generally foam went away quickly‚ only to return. More antifoam was added‚ and the cycle repeated until the system became so overloaded
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International B-School SUB: PRODUCTION & OPERATIONS MANAGEMENT Section –A Fill in the blanks 1. Production planning functions can be broadly identified as ______‚ _______ and _______. 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
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