Inventory management decision support system
Inherent uncertainties in demands and supply make it difficult for supply chains to achieve optimum inventory replenishment, resulting in loss of sales or keeping excessive inventories. An unkempt inventory can take up to one-third of an organization's annual investment. Therefore, in order to compete with invariably erratic demands, it is not only challenging to develop an intelligent system to maintain and control an optimum level of inventory but has also become mandatory. The two most important issues to address in inventory management are: how much to order and when to order. Owing to the importance of inventory management this research work presents an intelligent decision support system (DSS) for Inventory Analysis and Control utilizing technology management.
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Q&A
Capital Budgeting decision is one of the most important decisions management can make....
Capital Budgeting is a process that is closely concerned with determining the nature of investment a company makes in capital equipments and other facilities. These capital decision generally involve substantial amount of investments, cannot be reversed easily, take long time to implement, and continue to impact the ability and performance of the company over long period. All these features of capital decision make the capital budgeting one of the most important decision that managers of any company are required to make.
What is more important in managing a baseball team: in-game decision-making or managing personalities? - Quora
I think it really depends on the type of team one is managing. For big market teams, it is critical to find someone that can manage personalities, while small market teams have less personality conflicts and have to make up for the talent differential with in-game decision-making like when to bunt, sacrifice, pinch-hit, etc. Big market teams have more margin for error when it comes to in-game decision-making as long as their stars are happy.
A good example is Manny Ramirez. When he was held in check, the team flourished, while the team slipped up when he started taking plays off.
I defin…
