Demand Function, Determinants of Demand
by In a competitive market, demand for and supply of a good or service determine the equilibrium price. The law of demand Markets have two agents: …
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Statistical Quality Control, Variable & Attribute
STATISTICAL QUALITY CONTROL Statistical quality control refers to the use of statistical methods in the monitoring and maintaining of the quality of products and services. …
ISO (9000& 14000 Series)
ISO (9000& 14000 SERIES) The International Organization of Standardization (ISO) is a worldwide federation consisting of member bodies from 91 countries, which promotes the development …
Quality Management, Dimension and Cost of Quality, Continuous Improvement (Kaizen)
Quality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. …
Supply Chain Management, Inventory Planning and Control
SUPPLY CHAIN MANAGEMENT In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw …
Lean Management and Just in Time Production
Lean management is an approach to running an organization that supports the concept of continuous improvement, a long-term approach to work that systematically seeks to …
Aggregate Production Planning, Materials Requirement Planning, Scheduling
AGGREGATE PRODUCTION PLANNING Aggregate production planning, abbreviated as APP, is useful for operation management. It is associated with the determination of production, inventory, and personnel …
Demand Forecasting; Capacity Planning; Resources Planning
Demand forecasting is the art and science of forecasting customer demand to drive holistic execution of such demand by corporate supply chain and business management. …