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What is meant by production function?
When the raw material is converted into finished product is called production.
What is the chief contribution of the farmer to the US?
Food production is the primary contribution, though raw material production is also very important.
What is Bill of material's Flushing principle used in ERP systems?
Flushing Principle in BOMThe "Flushing Principle" in a Bill of Materials, is used set the point at which a bill of material component is automatically consumed during production in order to both;> Establish the point at which a raw material is removed from available inventory (this is meant to prevent a raw material already assigned to an existing production order from appearing to be available to someone planning future production orders).> Establish the point at which a raw material's cost is recorded to the appropriate general ledger account(s).Generally, this information is manually entered or selected from a list of options within the setup of Enterprise Resource Planning (ERP) or production software.A common methodology would be to indicate to the software system the stage of the production process in which the raw material is to be consumed.For example, a bill of material component might be consumed in the following ways:1) Pre-flushed: consumed at the start of the production cycle2) Back-Flushed: consumed at the end of the production cycle3) Manually: consumed when manually entering the information any time within the production cycle.
What four advantages did corporations have over small business?
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
What is forecasting and why is it necessary in production function?
Forcasting is nothing but expectation/estimation.It is most important function in production process because ---->To procure raw materials in timely without disturbing production process. ----> To control over pricing of raw materials ----> Controlling material wastages of short term life
What is extractive production?
it is where the raw material is made.
What is extractive or primary production?
it is where the raw material is made.
What is meant by production function?
When the raw material is converted into finished product is called production.
Often raw materials are mined What does raw mean in this context?
The raw material for the production of Iron for instance is iron ore. in the case of aluminum the raw material is called bauxite.
How does chemistry do an impact on mankind?
In production of matches and raw material
How can you determine if there is enough raw material in inventory to issue materials to a production order?
View the unrestricted stock status for the raw material
Is raw material indirect or direct cost?
Raw material is direct cost as without raw material no product can be produce and this value is also separately identifiable.
What useful material may be obtained from bauxite and hematite?
Bauxite is the primary raw material for production of aluminum and hematite is the primary raw material for production of iron. Materials such as bauxite and hematite that are naturally occurring sources for metals are called "ores".
What is a sentence for factors of production?
The factors of production are the resources needed for producing goods and services in an economy, including land, labor, capital, and entrepreneurship.
What is a production process?
A production process, is any one of the steps involved, in the conversion of a raw material, into a finished product
What is the chief contribution of the farmer to the US?
Food production is the primary contribution, though raw material production is also very important.
What is difference between raw material and bulk raw material?
raw material bulk raw material
