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