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Understanding the importance of technology is crucial in value addition. Primarily, much value is lost from damaged goods or expired goods. With scanning technology, it is very easy for an organization to maintain a record of all products, those damaged and those that came in first, ensuring that they are sold earlier than those that come in later.
Secondly, another approach that is heavily relied upon conventional warehouses to add value to goods in stock is to increase efficiency. Although technology is mainly centered on improving the value of goods in warehouses, several other strategies are in use by warehouses to add value to their goods. Maintaining efficiency in the storage and withdrawal of goods from the warehouse could help add value of the goods. Primarily, by recurrently monitoring the stock and assessing its safety is vital to adding value to goods. Broken products, for instance, cannot be identified unless there are constant routine checks. Monitoring stock can be done orally and damaged goods can be eliminated from the warehouse, returned to seller or back the manufacturing unit for servicing or to aid in the creation of other products. Recycling damaged goods is a sure way to save on manufacturing and warehousing costs as otherwise, the damaged goods would be disposed.
There are several measures of warehouse performance have been established. Primarily, the main measure is efficiency. Efficiently managed warehouses perform well. As such, efficiency in the inventory taking process, space allocation and use, and quality and cost control. Successful warehouses not only have good organization, but also save on costs (Richards, 2011). Efficiency helps reduce on costs of managing a warehouse and hence improves the performance of a warehouse. In addition to the proposed strategies pertaining to the performance of warehouses, several measures are used to evaluate warehouse
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In a similar state as in Berkeley, University of California, the PMP is a mission carried out in the campus through the individual and combined efforts of its employees. In this process, employees do their best because they know that their contributions are acknowledged and recognized.
Secondly, the engineer’s qualifications exceed those of his evaluators so there is nobody rating the engineer who has the level of exposure similar to his own, thereby causing problems and leading them to focus on the relationship side of things when evaluating him.
Acme needs funds of $500 million for its proposed overseas production facility. The alternatives that we can choose from are debt financing or equity financing. We can also use a combination of both but that decision can be done after we take a brief look at the advantages and disadvantages of both.
Poverty in some cases has lead to the early and teenage pregnancy that has been a challenge in many cases for the higher authorities.
Lewis (2004) has discussed that a large number of people that have earned their education in the poor families and the education has been sustained.
little doubt that performance within contemporary organization has been a growing concern hence the need to have well-developed strategies as well as metrics that include key performance indicators. According to Varma, Budhwar, and DeNisi (2008), the main role of performance
However, since its inception Costco has been experiencing increasing profits thanks to its good management strategies. The good business strategies helped the company to grow from zero to $3 billion sales within a period of less than 3 years (Costco US). It is
A good example is the McGrory V. Applied Signal Technology case that the Supreme Court handled in 2013 (Lewis, 2013). In this case, a Mr. McGrory gave a verbal warning for poor work performance to Dana Thomas, an employee serving
since 1945 when the aviation industry became transformed with new engines that produced very powerful and thrust performance, and yet coming in compact size, the commercial manufacturing of jets have never been
The performance appraisal measures the required information and leaves out the irrelevant performance, which is referred to as contamination; for instance, when a sales person makes unnecessary phone calls that
ransportation logistics will provide a company with the important attributes required to improve the whole system and boost performance at all levels of indulgence (OECD, 2006). The importance of better transportation process is to create a better supply chain that eases the
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