What Are the Information Needs at the Four Levels (Execution

question 47

Essay

What are the information needs at the four levels (execution and transaction processing, routine decision making, tactical planning, and strategic decision making)of supply chain activity?

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Definitions:

Production Report

A document that summarizes the activities, outputs, and status of production processes within a specific period.

First-In-First-Out (FIFO)

An inventory valuation method where the cost of goods sold is based on the cost of the earliest purchased materials, while the cost of ending inventory is based on the cost of the latest purchased materials.

Equivalent Unit

An equivalent unit is a measure used in cost accounting to represent completed units of production in a period, which takes into account both fully completed and partially completed goods.

Conversion Cost

The combined cost of direct labour and manufacturing overhead required to convert raw materials into finished goods.