Capacity planning specifies the production capacity required by an organization to meet changing product demands. It is a long-term strategic decision that establishes a company’s overall level of resources.
Productivity is one of the primary performance criteria for evaluating a production system. It is a function of the production, input, and output relationship. Productivity improvement occurs when a given output is achieved with less information.
A production system is a set of interrelated components or subsystems that receive inputs from the environment and transform them into desirable outputs (products or services). A production system encompasses all the functions required to design, produce, distribute, and service the manufacture of a product.
The cash budget is considered an integral part of the total budgeting process, and it is prepared only after all functional budgets, such as sales and production, are finalized.
Securitisation is a well-established practice in the global debt capital markets, involving the sale of income-generating assets from the owning institution to a specifically established company.
The International Organization for Standardization – ISO 9000 standard was developed owing to a need by organisations to assess the to assess the capability or maturity of their sub-contractors. The approach taken before the definition of the standard was that organisations who wished to have confidence in the capability of contractors developed their internal quality standard.
