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Importance of Economic Order Quantity Economic order quantity (EOQ) is the order quantity.bf inventory that minimizes the total cost of inventory management. It is a measurement used in the field......
Differences between Bin Card and Store Ledger Bin Card implies a document which records the quantity of material received by, issued to and remained in stores. On the other hand,......
Economic order quantity (EOQ) is the order quantity.bf inventory that minimizes the total cost of inventory management. It is a measurement used in the field of Operations, Logistics, and Supply......
ABC Analysis In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories – “A items” with very......
Classify Cost from the viewpoint of Decision Making Cost can be defined as the monetary value of the utility (or benefit) which is yet to be derived from the resources......
Card Based Payments Card-based payments are made by using a credit card or a debit card or an ATM Card. Major advantages of card payments are that it will only......
Overdraft: An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal. Sometimes, the bank provides......
Functions of a Promoter The important functions of promoters may be listed as below: (i) Identification of business opportunity: The first and foremost activity of a promoter is to identify......
A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. Project management is the application of knowledge, skill, and......
Strategic control is a term used to describe the process used by organizations to control the formation and execution of strategic plans; it is a specialized form of management control,......
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