Explain how can you calculate manufacturing work in progress?

Correct Answer: Lean Manufacturing: catching the concept of JIT(Just-in-time) and re-examines it from the client point of view Anything that is made should put something of valuable to the client?s requirement For example, if you are manufacturing stereo system for a luxury car, you will imagine from the customer point of view like space occupancy, durability, sound quality, medium or loud sound, etc JIT (Just-in-Time): This methodology is described to provide that a product or part would arrive just in time to be used This method saves the price of the unused inventory, and eject the need of piling up inventory

Correct Answer: Six sigma is a data-driven technique and way for eliminating defects in any progress from product to service and from manufacturing to transactional

Correct Answer: Hopefully if you're applying for this position you have bags of related experience and if that's the case you should mention it all But if you're switching careers or trying something a little different, your experience may initially not look like it's matching up That's when you need a little honest creativity to match the experiences required with the ones you have People skills are people skills after all, you just need to show how customer service skills can apply to interrnal management positions, and so on

Correct Answer: A given quantity of finished goods requires a given quantity of raw materials and components to make them Materials requirement planning systems to make them Materials requirements planning systems are computerized tools that manage when materials must be ordered to supply production at a later date MRP is effective when output quantities are knownSmall business owners are often their own MRP systems,storing the information needed to supply prodution in their knowledge and experience Activities such as computer tracking inventory and forecasting demand are MRP activities

Correct Answer: Flow control, also called optimized production technology, focuses on the efficient flow of material through the production process The philosophy of flow control focuses on bottlenecks For example, an owner using flow control will not buy a machine capable of 1,000 units an hour if supply 500 units Examine systems and determine where lowest flow is experienced, then address that point and make sure it operates at full capacity Flow control applies well where maximum productivity is required

Correct Answer: In manufacturing group, software that can be useful for Material Management and Manufacturing ERP Some of the organizations that provide the manufacturing software solution are Oracle ERP system, sap etc

Correct Answer: productivity goals

Explanation:

In general, we know that Effective teamwork yields high productivity which is a good indications of positive productivity goals.

Correct Answer: All of the above

Explanation:

A firm maximizes profit by operating where marginal revenue equals marginal cost. They use less of an input in producing more products to increse their profits.

Correct Answer: Online marketing is the exchange of products and services between the buyers and sellers on the internetIt is also known as e-marketing or internet marketing or online advertising It may take the form of : aB2C where the products are sold directly to the customers bB2B where trading networks or auction sites maybe used to reach out to the new customers and serve the existing one cC2C where one customer may further sell the product to another customer Examples of online marketing may include banner ads, blogs, social network advertisement

Correct Answer: All those activities which have been planned out by the marketing department must be tried out in the market several times in order to be able to conclude if such activities are worthwhile or not Such activities may be repeated several times over a period say six months or a year in order to be able to decide whether to stick to them or replace them with other better alternatives Monitoring and controlling the marketing activities entails keeping proper records of the various activities and tracking them time and again particularly when it comes to the media, when to promote the product, cost factor, reach or the number of persons towards whom the promotions have been targeted, responses generated, sales generation and return on sales