FIFO Method: How big is the optimal lot size in production with a continuous demand at a constant rate?

Under capacity customer demand is greater than the maximum capacity (supply) the organization can fulfil e.g, during production phase, inventory builds up at a rate equal to the difference between production and usage rates, furthermore, lot-size inventory —lot size inventory is the result of ordering or manufacturing more inventory than Read more…

Contract Life Cycle Management: Why have other organizations gone through a complete legacy contract review process?

In the last ten years, the product management role has expanded its influence in technology organizations, project managers, contract managers and other professionals involved in the world of contracts must be able to work effectively together with customers, contractors, and subcontractors to accomplish key organizational objectives. As a result, the Read more…

Contract Life Cycle Management: What specific reporting or procedural requirements does each organization need?

Akin decisions must be based on full consideration of business processes, functional requirements, and economic and technical feasibility, the purpose of project management is to foresee or predict as many dangers and problems as possible, and to plan, organize and control activities so that the project is completed as successfully Read more…