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.
Difference between fundamental analysis and technical analysis can be understood from the following table:
Material Requirement Planning is a management tool that guarantees the availability of materials, components, and parts at the right time, facilitating the completion of finished products according to master production schedules.
Process selection refers to how an organization opts to produce its goods or deliver its services. Together with capacity planning, it helps an organization develop different approaches to meet the irregular demand patterns of customers.
Production planning and control can be considered the nervous system of the production operation. This function aims to efficiently utilize..
Purchase management refers to the efficient, effective and economical purchasing of materials to be utilized by the organization for its manufacturing activities.