Major long term and Short term decisions
by In economics, it’s extremely important to understand the distinction between the short run and the long run. As it turns out, the definition of these …
Category: Management Notes
Management Notes of Various Universities across india
Production economics: Objectives, importance and Activities
Objectives To determine and outline the conditions that give the optimum use of capital, labour, land and management resources in the production of crops, livestock …
Differences between Products and Services
Product The major key feature of a product is that it is physical and it is also tangible. This implies that a product can be …
Production to Order and Production to Stock
MTO (Make to Order) is a manufacturing process in which manufacturing starts only after a customer’s order is received. Forms of MTO vary, for example, …
Evaluating different Locations
The Factor Rating Method: A location method that instills Objectivity into the process of identifying hard to evaluate costs. Locational Break Even Analysis: The use …
Production Planning and Control, Principles, Objectives, Advantages, elements
Production Planning and Control, Principles, Objectives, Advantages, elements
PPC and Production Systems
Job production involves manufacture of products to meet specific customer requirements of special orders. The quantity involved is usually small. Examples of job production are …
Inventory Control: Objectives, Advantages
The Inventory control system is maintained by every firm to manage its inventories efficiently. Inventory is the stock of products that a company manufactures for …
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