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What is the weapon system cost of this system?
800 millions
What are the basic considerations for setting up an inventory system?
When setting up an inventory system, key considerations include accurately forecasting demand to prevent overstocking or stockouts, choosing the right inventory management software that aligns with business needs, and establishing clear processes for tracking inventory levels and movements. It's also important to categorize inventory effectively, implement regular audits for accuracy, and ensure that staff are trained in the system's use to maintain efficiency. Lastly, integrating the inventory system with other business operations, such as sales and procurement, can enhance overall effectiveness.
What are the advantages of tendering system?
The tendering system promotes transparency and fairness in the procurement process, as it allows multiple suppliers to compete for contracts, ensuring that the best value is obtained. It encourages efficiency and cost-effectiveness by fostering competition, which can lead to lower prices and improved quality of goods and services. Additionally, it helps mitigate risks of corruption and favoritism, as the process is typically well-documented and regulated. Overall, the tendering system enhances accountability and can result in better project outcomes for both public and private sectors.
How did the cost plus system speed up war production?
The cost-plus system accelerated war production by providing manufacturers with guaranteed profits on their production costs, which incentivized them to produce goods quickly and efficiently. By removing the risks associated with fixed-price contracts, companies were more willing to invest in expanding their facilities and workforce. This approach also streamlined the procurement process, allowing for faster delivery of essential materials and equipment to the military. Overall, it fostered a collaborative environment between the government and private industry, maximizing output during wartime.
Differences between manual accounting system and computer based accounting system?
Manual accounting requires that all journal entries, invoices and other financial documents be created by hand. Computerized accounting allows users to input information into accounting software programs.SpeedAccuracyComputerized accounting produces information much faster than manual accounting. Accounting software packages, such as QuickBooks and Peachtree, come with built-in databases that allow users to input data. Financial StatementsManual accounting systems are prone to mathematical errors and misplaced numbers. With a computerized accounting system, your company data is automatically calculated based on numbers you input. CostIn a manual accounting system, you have to prepare your company's income statement, balance sheet and statement of owner's equity by hand. Information from your journal entries helps formulate your company's financial statements. Computerized accounting systems allow financial statements to be created from information stored in the database. ReportsThe cost of computerized accounting systems can range from hundreds to thousands of dollars for large businesses. A computerized accounting system may save on man hours used for creating financial statements and other reports. For this reason, many small and mid-sized businesses use computerized accounting software.Reports are created in a timely manner when using a computerized accounting system. Reports generated from computerized accounting software allow managers to run the company in a more efficient manner. Creating reports in a manual accounting system may lead to more staff frustration and result in having to work with outdated information.Bilawalmagsi@live.com
Which is the best costing system for Automobile Industry?
process costin and target costing
What is considered a procurement system?
A procurement system is a system that allows one to procure certain products. An example of this may be a procurement system that monitors websites for low priced items and then purchases them while the price is at or lower than the price wanted.
What is the main use of a procurement system?
Procurement systems are designed for companies or whole industries to track and analyze purchases made. The most well known is the Standard Procurement System (SAS) used widely in the U.S.
With respect to product improvements if a modification will not cause an increase in system performance does not require extensive independent testing and the system is currently in production its?
procurement;procurement
Is the automated contracting system that standardizes procurement processes across DoD It is used for writing solicitations and contracts -?
Standard Procurement System (SPS)
What is one of the benefits to the DoD's Standard Procurement System (SPS)?
One benefit of the DoD's Standard Procurement System (SPS) is improved efficiency in procurement processes through automation, standardization, and data integration. This helps to reduce manual errors, streamline workflows, and enhance overall procurement accuracy and timeliness.
What are two advantages of the Procurement Integrated Enterprise Environment?
Two advantages of the Procurement Integrated Enterprise Environment are streamlining procurement processes through automation and providing a centralized platform for managing procurement activities. This system helps improve efficiency, transparency, and compliance in government procurement.
System for drug procurement and inventory control in the pharmacy?
add
What is the Federal Procurement Data System?
The Federal Procurement Data System is a single service for goverment wide data. It is part of the General Services Administration which manages information on federal contracting.
What is the difference between procrument and purchase?
The difference between purchasing and procurement is that to purchase something with currency or money. Procurement is the obtaining of goods and services through a bartering system.
What are the objectives of procurement system?
Though there're 2 main types of the procurement system (electronic and standard), it's general role is to manage the 'procurement' process (the buying process in businesses). The system may differ with softwares as a typical procurement tool would include the purchase requisitions, purchase orders, goods receipts & invoice processing. It's primary intention is to lead from the advanced planning, scheduling, and group buying to result in cost savings, more efficient business operation meaning an increased profit.
What is the weapon system cost of this system?
800 millions
