OPERATIONS MANAGEMENT IMPORTANCE OF INFORMATION TECHNOLOGY (IT) IN SUPPLY CHAIN MANAGEMENT: The combination…
Tag: inventory management

SUPPLY CHAIN MANAGEMENT- Meaning of Supply Chain
OPERATIONS MANAGEMENT Supply Chain Management is defined as the systematic, strategic coordination of…

MATERIALS MANAGEMENT- Material Resource Planning
OPERATIONS MANAGEMENT MATERIAL RESOURCE PLANNING (MRP): MRP is a systematic planning and control…

MATERIALS MANAGEMENT- Purchasing procedure
OPERATIONS MANAGEMENT PURCHASING PROCEDURE Purchasing is the first phase of materials management. Procurement is…

MATERIALS MANAGEMENT- Economic order quantity & ABC Analysis
OPERATIONS MANAGEMENT ECONOMIC ORDER QUANTITY MODEL The inventory problems in which demand is assume…

MATERIAL MANAGEMENT- Inventory Management
OPERATIONS MANAGEMENT INTRODUCTION TO INVENTORY MANAGEMENT: Inventory is defined as a stock in hand…

FORECASTING- Introduction
OPERATIONS MANAGEMENT FORECASTING It is the first major activity in the planning. It involves…

OPERATIONS MANAGEMENT- Material Handling
OPERATIONS MANAGEMENT INTRODUCTION AND FUNCTIONS OF MATERIAL HANDLING Material handling is an activity that…