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What is Bill of material's Flushing principle used in ERP systems?
Flushing Principle in BOMThe "Flushing Principle" in a Bill of Materials, is used set the point at which a bill of material component is automatically consumed during production in order to both;> Establish the point at which a raw material is removed from available inventory (this is meant to prevent a raw material already assigned to an existing production order from appearing to be available to someone planning future production orders).> Establish the point at which a raw material's cost is recorded to the appropriate general ledger account(s).Generally, this information is manually entered or selected from a list of options within the setup of Enterprise Resource Planning (ERP) or production software.A common methodology would be to indicate to the software system the stage of the production process in which the raw material is to be consumed.For example, a bill of material component might be consumed in the following ways:1) Pre-flushed: consumed at the start of the production cycle2) Back-Flushed: consumed at the end of the production cycle3) Manually: consumed when manually entering the information any time within the production cycle.
What are facts about production and resources?
the most important fact about production and resources is that farm animals supply us what and what do we eat for our meals during the days that we live
How does a business use production?
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.
What is over production?
what is overproduction during natural selection using Darwin's theory? over production is producing something beyond the requirement , that is producing an output above the equilibrium .
The purpose of the War Production Board was to?
The War Production Board was established by President Franklin Roosevelt in 1942. The purpose of the board was to regulate the production of materials during World War II. It was responsible for rationing materials such as fuel, rubber, and metals.
When is Direct Labor Budget prepared?
Direct labor budget is prepared during planning stage before the actual production starts.
Distinguish between production and operation management?
Production management is an organized function within a business that deals with planning, forecasting and production or marketing of a product at all stages of its lifestyle. Operation management is concerned with overseeing, designing and controlling production and business operations during the production of goods or services.
How would you describe the job of new-product-planning marketer?
new-product-planning marketer conceptualizes, researches, and evaluates new ideas. During the evaluation process, the new-product-planning marketer considers both the feasibility of the production of the product and the product's potential profitability.
What are the skills of Production manager?
Production managers need strong leadership, communication, and organizational skills to coordinate production activities effectively. They also require problem-solving abilities to address challenges that arise during production processes. Additionally, knowledge of production planning, budgeting, and quality control is essential for successful management of production operations.
What is the difference between planning and decision making?
Decision making is required during planning but planning is forming a plan before doing. Decision making is required while doing because unplanned things happen.
What is audit planning memorandum?
Audit Planning MemorandumIt is a document prepared by the auditor setting out those information obtained during the audit planning process and those decision taken as a result of the audit planning efforts, which are required by those audit staff who will be engaged on the audit assignment. It is a written document, which set out the information obtained and decision reached as a result of audit planning effort
According to doctrine what does the staff focus on during planning?
According to doctrine, what does the staff focus on during planning?
In Karl Marx's view social relations during any period of history depend on who controls the what?
In Karl Marx's view, social relations during any period of history depend on who controls the means of production. This control determines the relationship between different classes in society - those who own and control the means of production (bourgeoisie) and those who labor (proletariat). Marx believed that this class struggle ultimately shapes social, political, and economic structures in society.
What movie required the purchase of 500 FL frogs?
The filming of Frogs (1972) required the use of 500 frogs and 100 giant South American toads, many of which escaped during production.
What was the Production Budget for Life During Wartime?
The Production Budget for Life During Wartime was $4,500,000.
What is Planning P?
a tool for planning events and any incident that occurs during the event
What are the APEX activities conducted during Crisis Action Planning?
Situational Awaremess, Planning, Execution
