An advantage of a centralized purchasing department is specialization.
<h3>What is a
centralized purchasing department?</h3>
A centralized purchasing department is when only a single department is in charge of procurement of goods and services for the whole company. This department is usually located at the headquarters of the company.
<h3>Advantages of a
centralized purchasing department</h3>
- It reduces the frequency of shipping
- It encourages specialisation.
- The company has better control in the purchase of goods.
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Operations management are multiple activities that create value for consumers by way of a good or service. The create the good or service and put them out in the market.
When planning a managing a large product you need to make sure that the phases are follow throughly and accurately.
Phase 1) Planning
Phase 2) Scheduling
Phase 3) Controlling
Answer:
S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.
Explanation:
There are specific pre-requisites before a company may apply as an S corporation
- It implies that corporation shareholders must be U.S. residents only who directly own the shares.
- Maximum 100 shareholders can be part of S corporation.
- The stock options are restricted to one class only.
The limited stock options, no foreign investment challenges and limitation of maximum shareholders create a barrier to open S type corporation. So the answer is S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.
A 401(k) is a good long-term investment strategy hope it helps