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How do the philosophy and culture of the risk management policies influence organizational performances?
Risk management is defined as the identification of factors within and outside an organization which pose any kind of threat to its operations and profits. Performance could be inhibited by any risk minimisation strategy if it relates to the way it makes money or impacts on working processes.
What are the difference between a replenishment philosophy and a requirements philosophy?
There are some differences between a replenishment philosophy and a requirements philosophy: - The requirement philosophy is used in MRP systems whilst the replenishment philosophy is used in order-point systems. - The replenishment philosophy is oriented toward the customer and it more focuses outward objectives where as the requirement philosophy is oriented toward manufacturer and it more focuses inward objectives. - In the replenishment philosophy, material should be replenished when it runs low versus in the requirement philosophy, material is ordered only when a need exists as directed by the master schedule. If there are no manufacturing requirements for a particular part, it will not be replenished, even though the inventory level is low. - In the replenishment philosophy, ABC principle is applied as a control principle and EOQ formula can help providing relative accurate stock level. In the requirement philosophy, ABC principle and the time-honored EOQ do not work well if this order philosophy is applied. - In the requirement philosophy, as MRP is future-oriented so ordering philosophy base on requirement generated from master schedule. In the replenishment philosophy, the forecast of replenishment the stock level base on the past history of demand. - In the replenishment philosophy, if demand is lumpy, materials will be carried on hand during long period of zero demand resulting in unnecessary inventory-carrying cost. But in the requirement philosophy, the requirement of particular part is very important in manufacturing because demand for component parts is lumpy.
What statement is the best description of initiative?
Initiative is the ability to take charge and act independently without being prompted. It involves being proactive, creative, and willing to tackle challenges without waiting for direction.
What does having a good attitude mean to you?
Having a good attitude means staying positive, being open-minded, and approaching situations with a willingness to learn and grow. It involves being resilient, motivated, and proactive in facing challenges with a constructive mindset.
What is right attitude?
Having the right attitude involves being positive, open-minded, and proactive in approaching situations. It means having a willingness to learn, adapt, and grow from experiences, as well as maintaining a respectful and optimistic outlook towards others and challenges.
What is the name of the jail strategy that joins pod architecture with a participative proactive managment philosophy?
direct supervision
What is the difference between proactive safety management and reactive safety management?
Proactive safety is seeing and preventing an event before it happens. Reactive management is waiting for the accident to happen, then make corrections
What is proactive career management?
Proactive career management refers to setting goals for a long term career. The proactive career manager will take steps to reach that goal rather than simply waiting for an opening as they arise.
Proactive crisis management?
Proactive crisis management is when organizations take the first step to take necessary precautions in order to avoid a crisis. However, they also develop a plan for what to do if a crisis does occur. This way they are being proactive in facing crisis situation.
What are the disadvantages of legislation in occupational health and safety management?
it is enforcement and not proactive
What is Proactive manager?
Proactive career management refers to setting goals for a long term career. The proactive career manager will take steps to reach that goal rather than simply waiting for an opening as they arise.
Why should an organization be concerned with proactive and reactive crisis management?
An organization should be concerned with proactive and reactive crisis management, because preventive measures lessen the impact of a crisis. Therefore, when a crisis does strike, the reaction is to immediately handle it before serious damage occurs to the company.
Strategic management is partly proactive and partly reactive - explained?
Strategic management involves both proactive actions, such as setting long-term goals and identifying opportunities, and reactive responses to changes in the external environment, such as shifting market trends or competitive threats. By incorporating both proactive and reactive elements, organizations can adapt to unforeseen challenges while also positioning themselves for long-term success.
How do the philosophy and culture of the risk management policies influence organizational performances?
Risk management is defined as the identification of factors within and outside an organization which pose any kind of threat to its operations and profits. Performance could be inhibited by any risk minimisation strategy if it relates to the way it makes money or impacts on working processes.
What is managing careers?
Proactive career management refers to setting goals for a long term career. The proactive career manager will take steps to reach that goal rather than simply waiting for an opening as they arise.
What is Relationship management in banks?
Relationship management in banks is the personalised handling of customers accounts to satisfy all his immediate banking requirements and be proactive/anticipate his future banking needs.
Why you study business management?
An education in Business management will effectively prepare one to effectively address the issues concerning business, as well as make one to be proactive in the business field.
