1.what is the process of purchasing materials in manufacturing compan
1.The required materials indent are raised by the user dept, then based on the reqirement we go for RFQ with supplier..Based on the cost,leadtime,quality the materials will be purchased satisfying the...
View Articlethe lean supply chain process at toyota Motor Corporation follow the
Advantages: 1.Consistency of quality and delivery 2.The supplier fully understands your needs and requirements 3.The supplier can be involved early in the design process 4.A cooperative rather than...
View ArticleWhat is logistics?list about what is work of logistics suprevisor?
Logistics is the process of effectively moving the goods from the point of origin or from any supply point to the point of consumption. The term effectively is the key in logistics, it denotes how...
View Article4. What are the major problems faced by developing countries in prom
1.Unpopular brand name 2.Vast exporting rules and procedures 3.Currency fluctuation 4.Payment modes 5.Poor logistics. 6. Huge competition from China and African countries. U can give some example for...
View Articlea. State the basic elements of an export sales contract. b. What is
Basic elements or terms present in Export sales contract: Contract period, Parment terms and modes(L/c, Advance etc), Tentative quantity, Rates based on Incoterms (FOB, CIF etc), Customs clearance...
View Article1. Explain the Modern Theory of International Trade. How is it an im
This theory was propounded by Eli-heckscher(1879-1952) and later refined by Swedish economist Bertil Ohlin(1899-1979) in 1933. Acoording to Ohlin, the differences in the factor prices are due to the...
View Article2. What do you mean by Balance of Payments? Explain the relationship
The record of money payments between one country and other countries. Balance of payments is more inclusive than balance of trade because balance of payments comprises foreign investment, loans, and...
View ArticleDifference between MPP & MRP
MRP MEANS MAX. RETAIL PRICE & MPP MEANS MAX. PURCHASES PRICE
View ArticleWhat is Return PO(Purchase Oreder) ?
return po refers to the refusal of purchase order by the purchase manager, made by the respective department in order to accomplish uninterrupted supply of production chain at their end. a purchase...
View Articlewhat does OEM mean & Who is an OEM, explain with detailed exampl
Original equipment manufacturer, when NIKE purchased stitched cloth from Tirupur (Tamilnadu) mills for its own branded T-Shirts, NIKE sold the T-Shirt to the end user through its own sales team and...
View Articlewhat is logistics?list about logistics works!
Logistics is a process by which we can transfer the goods or product from one place to other or from the place from where is originated and to the place where its in demand or where its in need. In...
View Article1.What is non moving items 2.what is slow moving items 3.what is fas
Material which is not required Material conumption is very slow material consumed immediately
View ArticleA. Differentiate between TRIPs and TRIMs. State the items prohibit
TRIM: Trade Related Investment Measures are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. A....TRIM is/are rules, which...
View Articlewhat is ABC analysis please describe briefly.
ABC analysis is an inventory management technique in which the items are classified and clubbed according to their value. The items comprising the top 5-10% of the total value of inventory are termed...
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