What is Preventive Maintenance? Preventive maintenance consists of routine actions taken in a planned manner to prevent breakdowns. Lubrication and inspection are the two constituents of preventive maintenance.
What is Scheduling in Production Planning? Scheduling means specifying means, specifying the time that will be needed for the production of articles at each stage. Scheduling determines when
Types of Purchasing Policy adopted by Industrial Enterprises Purchasing policy means purchasing sufficient quantity of materials for all the anticipated needs but neither overstocking nor carrying stocks at
Personal factors influencing individual behavior The various personal factors influencing individual behavior have been classified as shown in the following chart. Each of the factors is explained below.
Factors Influencing Inventory Control There are a number of factors which can influence the inventory decisions. These can be broadly divided into the following categories: 1. Characteristics of
