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20 Cards in this Set
- Front
- Back
DTI |
Department of trade and industry |
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SEC |
Securities and exchange commission |
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Agreement where parties, agree to cooperate. |
Partnership |
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Organization formed by a group of people |
Cooperatives |
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Type of enterprises that owned and run by 1 person |
Single person enterprises |
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TPC/3(1.06) |
Material cost |
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Concerned with the achievement of objectives |
Performance |
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What is required |
Value management |
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What must be given |
Cost |
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What must the seller receive |
Price |
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5 phases of value management |
Information Speculation Evaluation Development Presentation |
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Necessary due to dynamism |
Decision |
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Stock required to meet the expected demand |
Active |
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Additonal stock needed to cope with fluctuations in demanad |
Buffer |
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Stock that are held in anticipation of shortage |
Strategic |
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Time interval bet. Taking a decision to place |
Lead time |
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Important parameter in stock control |
Size/batch quantity |
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Have been developed to analyze every aspect of management |
Scientific management |
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Quantitative techniques |
Statistical techniques Operational research |
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6 quantitative decision making |
Cost models Probability Some statistical ideas Linear regression Stock control Just in time |