The dollar value LIFO method is another approach used for inventory valuation, it follows the last in first out but take into consideration the impact of inflation. The dollar value LIFO method is derived from the LIFO method and it’s designed to overcome the main problem of LIFO method which is liquidation. The dollar value LIFO method groups all type of goods in the inventory in a pool and the pool is measured by the total dollar amount instead of physical quantity. The balance sheet view differ
3. Task 1 3.1 Introduction for Procurement Methods The procedure adopted to procure construction work is regarded as the procurement method of any construction project. According to the (John Murdoch, 2000), the procurement method of a construction project defined as “The characteristic pattern of participant’s involvement, and the deposition of risks among them constitute the procurement method or procurement system for a project”. Strategies for the procurement of
soil sample to dry in the air for some hours and mix it thoroughly Take a representative sample of about 2.5 kg from the thoroughly mixed air dried (or oven dried) soil Determine the moisture content of the sample, w (Experiment 1) Add required quantity of water to get the desired moisture content and Mix the soil thoroughly Weigh the empty compaction permeameter mold. Grease the inside slightly, then clamp it between the compaction base plate and extension collar. Place the assembly on a solid
informed that when setting questions for students to complete, we should ensure that the questions are of real-life experience and questions that students can relate to. . We looked at five (5) main branches of mathematics namely, algebra, geometry, measurement, number theory and statistics & probability. While looking at the unit, we were paired and each student had to present two (2) teaching episodes of how to teach different sub-topics of the different branches along with two (2) appropriate instructional
Materials and Methods: Materials: Sodium alginate (NaAlg), N-isopropyl acrylamide (PNIPAM), Graphite was purchased from Aldrich chemicals co. U.S.A., H3PO4, K2HPO4, CaCl2, KH2PO4, K2S2O8, KMnO4, H2O2, NaNO3, H2SO4, HCl, NaOH, and acetone, were purchased from s.d. fine chemicals Mumbai, India. 5-fluorouracil (5-FU) purchased from Himedia chemicals, India. All the above chemicals and distilled water were used entire the synthesis work. Preparation of graphene oxide (GO): Graphene oxide was
information regarding the production requirements. i) Industrial Engineering or Production Planning Department: • Once the order confirmed, the merchandiser instruct either PPC or IE department regarding the requirements of the order like order quantity, garment work content, lead time and delivery date etc. • The merchandiser mentions the milestone dates like sourcing, cutting initiation etc. This will help the planning department to work on the calculations like capacity available, line scheduling
Abstract :Evaluation of non-technical parameters for supplier selection in Multi-attribute single or multi item Procurement systems has been a point of concern for many organization and research experts across the globe. Many theories, models and methods have been designed to address this challenges to develop a ready to use off-the-shelf solution. One such theory is Grey System Theory (GST). Through a numerical example in manufacturing sector, this paper depicts the implementation of GST for supplier
Waste minimization provides financial benefits in terms of reduced transportation cost, less disposal cost, minimized purchase quantity and price of raw materials, reduced purchase price of new materials when considering reuse and recycling, increased returns achieved by selling waste materials etc. Environmental benefits consist of minimized amounts of waste disposed off at landfills, which therefore extend the lifespan of landfills, reduced environmental effects as a result of disposal, e.g. noise
exploition of natural resources caused soil erosion and related problems, like lack of ground water changing the condamination of ground water etc. now we are facing serious water scarcity problems. For ground water recharging natural method is best suited. Natural method mainly focus on plantation. 1.2 Water some facts & figures
Transport and Logistics Module: Strategic Logistics Management Lecturer: Patrick Pirkl Topic: Measuring Logistics Performance (Measurement Techniques) By Daniel Murphy C10380791 DT358/4 Introduction To effectively evaluate a company's logistics performance four main methods of analysis are used. These are : The Balanced Scorecard The Supply Chain Measurement system Inventory and Warehouse Performance metrics Costs within Logistics The Balanced Scorecard Background Art Schneiderman originally