Factor Rating Method Notes: Definitions & Explanations PDF | Download eBooks
Study Factor Rating Method lecture notes PDF with supply chain management definitions and explanation to study “What is Factor-rating method?”. Study factor rating method explanation with SCM terms to review supply chain management course for online MBA programs.
Factor Rating Method Definition:
A location method that instills objectivity into the process of identifying hard-to-evaluate costs.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Factor Rating Method Notes:
The Center of Gravity Method is a methodology that tries to figure geographic directions for a potential single new office that will limit costs. It's a methodology where the primary information sources that it considers are the accompanying: Markets, Volume of products transported, Shipping costs. This technique is helpful in light of the fact that it's (1) Simple to register, (2) Considers existing offices, (3) and Minimizes costs.
Keep Learning with Supply Chain Management Notes
What is Research and Development (R&D)?
Innovative work, referred to in Europe as research and mechanical improvement (RTD), alludes to creative exercises attempted by enterprises or ...
What is Multifactor Productivity?
It is productivity calculation method in which more than one factor is involve such as the capital and labor. Multifactor ...
What is Cause-and-effect diagram?
This diagram is also known as the fishbone diagram. The firm's use this diagram examines the problems that might occur ...
What is Loading?
A load implies the amount of work, and allotting the amount of work to the procedures important to make every ...
What is First-Tier?
Regularly, Tier 1 organizations offer the most progressive procedures in the store network. This is the last advance before the ...
What is Breakthrough Improvement?
Conceptualizing is a strategy for creating thoughts to tackle a structure issue. It more often than not includes a gathering, ...