Materials Management
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 …
Materials Management
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 of Forecasting 1. Formulation of Production …
Business Regulatory Framework
The Process of Obtaining ISO Certification Qualifying for ISO certification is an accomplishment for an organization. It takes considerable effort at every level to graduate to an ISO-Certified company. …
Materials Management
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 …
Materials Management
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 …
Materials Management
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 …
Materials Management
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. …
Materials Management
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 …
Business Regulatory Framework
Bailment and Pledge are special class of contracts, which are dealt with in Secs. 148 to 181 of the Indian Contract Act, 1872. What is Bailment? The term Bailment …
Business Regulatory Framework
The share capital of a company can be increased in two ways: Increase of authorized capital, and Increase of subscribed capital. The procedure for increasing share capital are briefly …
