TRADE PROJECT KNEC NOTES

TOPIC 1 INTRODUCTION TO RESEARCH METHODS. BRIEF OVERVIEW The managers of tomorrow will need to know more than any managers in history.  Research will be a major contributor to that knowledge.  Managers will find knowledge of research methods to be Read More …

PURCHASING AND SUPPLY ORGANIZATION NOTES

TOPIC FIVE PSS   TOPIC FIVE: PURCHASING AND SUPPLY ORGANIZATION An organizational structure is a system used to define a hierarchy within an organization. It identifies each job, its function and where it reports to within the organization. A structure Read More …

PURCHASING AND SUPPLY STRATEGIES NOTES

TOPIC THREE PSS       TOPIC THREE: PURCHASING AND SUPPLY STRATEGIES  Purchasing strategy refers to the actions that the purchasing department may take to achieve its objective. Purchasing strategies are aligned with corporate-level strategies (strategic alignment).   Strategic purchasing Read More …

STRATEGIC PLANNING NOTES

TOPIC TWO PSS   STRATEGIC PLANNING Strategic planning is an organization’s process of defining its strategy, or  direction,  and making decisions on allocating its resources to pursue this strategy. It can also be defined as planning for making and implementing Read More …

OPERATIONS MANAGEMENT  KNEC NOTES

OPERATIONS MANAGEMENT   ECONOMICORDER QUANTITY (EOQ) The Economic Order Quantity model solves the “how much” and “when” aspects of ordering inventory. When inventory reaches the zero point, you order just enough to replenish your stock back to its original level. You Read More …