Category: Materials Management
Codification of Materials One of the most important factors in dealing with the materials is the human element which cannot be ignored or bypassed in devising any method of …
The quality control circle or more popularly known as quality circle concepts were formed in Japan in 1960 and in United States it started in 1977. Gradually it caught …
Objectives of Demand Forecasting The objectives of demand forecasting can be divided into two categories, namely short-term objectives and long-term objectives. Short-term Objectives 1. Formulation of Production Policy Demand …
Continuous Production System Continuous production system involves a continuous or almost continuous physical flow of materials. It makes use of special purpose machines and produces standardized items in large …
Process of New Product Development Every product has a certain life period. The life-cycle of a product reveals that after a certain period, all products face the problem of …
Objectives of Product Development Product development is a continuous and dynamic process. In reality it is an unending process of the manufacturing system. There are two main objects of …
What is Product Development? Product development is a specialized activity which may result in creation of new products or modification in the production process to produce the same product. …
The relevant considerations in make or buy decisions are the same as those of all purchasing decisions. The strategic considerations are as enumerated below: Quality considerations Quantity considerations Cost …
