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Why is demand history irrevelant for the management of raw materials and work in process?
Discussion Question number 2 on page 397 in Chapter 16 of Operations Management, Contemporary Concepts and Cases (Fourth Edition) by Roger G. Schroeder has a typographical error of omission which is questioned by many online business students who use the textbook and are asked by their instructors to answer this discussion question which should read:
"Why is dependent demand history irrelevant for the management of raw material and work-in-process inventories?"
The answer can be found very early in the chapter, but it would be cheating to try to find it on WikiAnswers simply by typing it in!
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What are the functional areas of a process industry?
The functional areas of a process industry typically include production, quality control, maintenance, and supply chain management. Production focuses on the transformation of raw materials into finished products through various processes. Quality control ensures that products meet specific standards and regulations. Maintenance is responsible for keeping equipment operational, while supply chain management oversees the procurement of materials and distribution of products.
What is Industrialization as a process?
it is the process of changing a moderenized materials
Why filler materials are used in welding process?
filler materials are used to fill the gap between the two job materials during the welding process
A single product produced by a continuous manufacturing process is an example of?
process management
What is an example of the analytical manufacturing process?
Analytical process: A process in operations management in which raw materials are broken into different component parts. Example: A barrel of crude oil refined by Marathon Oil Corporation- a Texas based oil and chemical refiner- can be broken down into gasoline, oil, and lubricants as well as many other petroleum by products.
Materials?
Different materials consume different amounts of energy to process, while poor management of materials or improper management of recycled materials can lead to increased energy consumption in production.
What type of things does a business process management tool help with?
Business process management tools help with three areas: input/intake, process and development of materials taken in, and outtake/output management of the completed material/product/service.
What are essential factors in the productive process?
management,capital,labor, and raw materials........<NovaNet> i think!
Production and matireals management?
Production and materials management is very important in the process of manufacturing. This will ensure that there are no wastages and thereby increasing productivity and the returns on investment.
What are the Different between physical distribution and materials management?
Physical distribution refers to the process of transporting finished goods from a manufacturer to the end customer, encompassing logistics activities such as warehousing, inventory management, and order fulfillment. In contrast, materials management focuses on the planning and control of raw materials and components needed for production, ensuring that materials are available at the right time and place to support manufacturing processes. While physical distribution emphasizes the flow of products to customers, materials management is concerned with the procurement, storage, and handling of materials within the production cycle. Both are essential for efficient supply chain management, but they address different aspects of the overall process.
History of management information system?
The history of management information system started as computer usage evolved in the fields of business and data management. Software applications were needed to process data and the business world had to create information-based applications for networks.
What is meant by management process?
Management process refers to planning and controlling the performance or execution of an activity in an organization. There can be two types of management processes including; process management and project management. Process management deals with the performance and management system. Management process is conducted by the top management of the company. It is the most important process because it gives the control to management over the tasks of the company.
Describe a management process?
describe the management process
Explain what HR management is and how it relates to the management process?
explain what HR management is and how it relates to the management process
Define production operations management?
Is to overlook the production process by managing people and machinery to convert raw materials and resources into goods and services
What is the nature and scope of materials management?
Scope of Materials Management Materials management is typically comprised of four basic activities:1. Anticipating materials requirements.2. Sourcing and obtaining materials.3. Introducing materials into the organization.4. Monitoring the status of materials as a current asset.Functions performed by materials managers include purchasing, inventory control of raw materials and finished goods, receiving, warehousing, production scheduling, and transportation. The definition of materials management views the activity as an organizational system with the various functions as interrelated, interactive, subsystems.The objectives of materials management are to solve materials problems from a total company viewpoint [optimize] by coordinating performance of the various materials functions, providing a communications net work, and controlling materials flow.The specific objectives of materials management are closely tied to the firm's main objectives of achieving an acceptable level of profitability or return on investment (ROI), and remaining competitive in an increasingly competitive marketplace. The major objectives of materials management are low costs, high levels of service, quality assurance, low level of tied-up capital, and support of other functions.Materials management encompasses a variety of logistics activities. The primary differences between the process of materials management and that of finished goods distribution are that the items handled in materials management are incoming finished goods, raw materials, component parts, and subassemblies to be further processed or sorted before being received by the final customer. The recipient of the materials management effort is the production or manufacturing group and oilier internal customers, not the final customer.Integral aspects of materials management include purchasing and procurement, production control, inbound traffic and transportation, warehousing and storage, management information system (MIS) control, inventory planning and control, and salvage and scrap disposal.BY MACDONALD CHIBUZOR NWAOHA
Is Management Science or an art or Universal process?
management is a universal process
