Answer:
c. Integrated logistics management
________systems can help keep logistics costs down, improve the satisfaction of customers, and help a firm become more competitive so as to grow its revenues.
Explanation:
How? Integrated logistics management systems interconnect and integrate all the activities and systems that affect the flow of materials, information, and goods from the point of origin to the point of arrival at the customers' end. An integrated logistics management system ensures that the six areas of logistics are handled seamlessly. These areas are Warehousing, Warehouse Management System, Transportation Management System, Real-Time Location System, Inventory Management System, and Reverse Logistics. With the integration of these systems and activities, the costs of logistics are drastically reduced, customers - who are at the center of these - become more satisfied, and the firm competitively grows its revenues and bottomline.
Explanation:
Engineers contributed very significantly to a country's development from an agricultural economy to the one that includes manufacturing communication services and exploration to the country's natural resources like 10 hydro power oil and gas
Answer:
202%
Explanation:
Calculation to determine what the company's overhead application rate is
First step is to calculate the Total manufacturing overhead using this formula
Total manufacturing overhead = Overhead rate - Direct material cost - Direct labor cost
Let plug in the formula
Total manufacturing overhead =5220 - 2,200 - 1000
Total manufacturing overhead =2020
Now let determine the overhead application rate using this formula
Overhead application rate=Total manufacturing overhead/Direct labor cost
Let plug in the formula
Overhead application rate=2020/1000*100
Overhead application rate=202%
Therefore, the company's overhead application rate is:202%
If it were my store I'd start with a Barcoding system to follow best sellers and products not moving. I'd also have a way for customers to suggest new products to stock. If I stock a new product I will order the minimum bulk and pay attention to Barcoding program to analyze.
At the end of the month or before ordering, run a report for decision making