Tag: Materials Management
Materials Management
What is Capacity Planning? Capacity planning refers to determining what kind of labour and equipment capacities are required and when they are required. Capacity is usually planned on the …
Materials Management
What is Production Follow Up? Follow up or expediting or progressing is that branch of production control procedure which regulates the progress of materials and parts through production process. …
Materials Management
Advantages of the Combined Materials (Stores) and Purchase Department The following are some of the advantages of combining materials and purchase departments in an organization. 1. Procurement at the …
Industrial Organization
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. Lubrication …
Business Combination
Stages in Vendor Selection and Evaluation The following are the important stages in selection and evaluation of vendors. 1. Survey Stage All possible sources are explored and their capabilities …
Industrial Organization
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 the …
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 …
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 1. Formulation of Production Policy Demand …
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 …
