The company is a furniture manufacturing company Question 1: Inventory System: The inventory system being used in Collage furniture is the Just in time inventory system. The factory follows the Just In Time system of inventory because of its belief that stocking manufactured or semi manufactured products for too long would increase the cost of storage and would also require a lot of space. Hence, the company starts producing the products just when they expect a purchase order to be placed in order
Balanced scorecard is basically a form of strategic planning and management system. This system is heavily used in the industry and business, in the government and non-profit organizations around the world with the aim of aligning the business activities to the organization vision and strategy. It's used to enhance and improve the internal and the external communications as well as monitoring the performance of the organization against the strategic goals. The minds behind the creation of the balanced
surface, high index of refraction and high dispersion as shown in figure 2. These properties help make diamond the world’s most popular gemstone (stones with color that make them suitable for jewelry). However, those properties is also a major disadvantages when it comes to treating diamond because it require a very high temperature and pressure, expensive and produced only single crystal diamond
The impact of technology at the plant level is also significant. Technology & Organisation Structure: Technology has considerable influence on organisation structure, length of the line of command, & span of control of the chief executive. Where companies use technology, which is fast changing, matrix structures are more common. Some companies use a matrix even though the rate of technological change is not fast. Besides technology, other factors that have their influence on organisation structure