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What is an Import Letter of Credit?

An import letter of credit is a written guarantee from a bank that a buyer gives a seller. This type of letter is used when companies import goods. The bank guarantees that if the buyer defaults, they...

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Advantages of Using ODM

The world of business is very competitive. A company values any little edge it can get. This includes subcontracting work out to Original Design Manufacturers or ODMs. A company no longer has to...

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How to Launch a New Product PPT

Many of today's companies use presentation software as part of a new product launch strategy. PowerPoint slide shows offer information to prospects who may purchase your product. The presentation...

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The Difference Between a Formal & a Silent Confirmation Letter of Credit

A letter of credit, issued by a bank and obtained by a buyer, states that the bank will back up the payment if the buyer fails to do so. Formal and silent confirmation letters are types of letters of...

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How to Improve Sales Volume

Keeping productivity data on itemized sales and individual employee sales makes good business sense for a company. A smart company evaluates this data to gain insight of what products are selling most,...

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Definition of a Quality Assurance Plan

When businesses discuss a new project, they normally develop a quality assurance plan. This plan helps the company implement the project in the best way possible.

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How to Word Contractor Estimates

Estimates are extremely important in the construction industry. Contractors develop estimates as a detailed written description of a task or tasks they intend to perform within a specified time frame...

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Production Planning & Control Check List

Production planning involves scheduling and planning an entire process to the stage where a product is delivered. Although product planning is mainly associated with manufacturing, some of its basic...

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What is a Staging Environment?

A staging environment refers to an environment for testing software and data applications before they enter production, according to the OPEN Process Framework Repository Organization. The staging...

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What Are the Sources of Demand in an MRP System?

Material Requirements Planning systems calculate material needs required for a company to produce a product. When used correctly, the system calculates the correct materials in the right quantities for...

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Requirements for ISO 13485

The International Organization for Standards, more commonly referred to as ISO, supplies a list of more than 18,000 standardized technical requirements for different types of products. Outside auditors...

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The Basics of Lean Manufacturing

Lean manufacturing, or process flow manufacturing, is an outgrowth of Ford's assembly line production system, and time-motion studies carried out in industry in the 1930s and 1940s. The aim of lean...

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How to Create a Control Chart

A control chart is a tool used for statistical process control (SPC) in manufacturing operations. The chart graphically displays process stability by plotting the occurrence of defined events or...

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The Effects of Salt & Caffeine on Wheat Seed Germination

More wheat is grown than any other grain. It provides more nourishment for humans than any other food source. It gained this popularity because it adapts to different agricultural areas, is easy to...

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How to Improve Pharmaceutical Productivity

Pharmaceutical companies must increase productivity to respond to the needs of their customers and the growing market for drugs. One principal aim of the modern pharmaceutical company is to deliver...

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Explanation of ISO 9001: 2000

The International Organization for Standardization developed ISO 9001:2000 as a means for a company to institute quality management systems through a set of controlled procedures and practices. The...

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Product Platform Strategy

Companies develop products using raw materials and labor in order to sell these items to consumers for a profit. Business owners and managers will often develop product strategies to help them achieve...

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Product Overlap Strategy

A product overlap strategy refers to a company’s decision to produce similar products under different brand names, through private labels or through original equipment manufacturers.

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Release Management Strategies

Software programs are becoming increasingly complex and specialized, so many companies are implementing release management programs to help them oversee the development, testing and deployment of these...

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Negotiation Strategies for Federal Contracts

Like all organizations, the federal government has work that it cannot complete on its own, requiring help from contractors from the private sector. While businesses usually contact each other directly...

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