Nature of Stores
Nature of Stores Store as building where inventories are kept. Storage is the function of receiving, storing, and issuing materials. Stores ensure ready accessibility of...
Material Management
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Just-In-Time (JIT)
Just-In-Time (JIT) Just-in-time (JIT) is a philosophy that advocates the lowest possible levels of inventory. JIT espouses that firms need only keep inventory in...
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Types of Capacity
Types of Capacity Production capacity: Maximum rate of production or output of an organisation. Design capacity: The maximum output that can possibly be attained. Effective...
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Objectives of Product Design
Objectives of Product Design (i) The overall objective is profit generation in the long run. (ii) To achieve the desired product quality. (iii) To reduce...
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What are outline process charts?
An out line chart records an overall picture of process & records only main events. Sequence wise. It considers only the main operations & inspections....
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Legal Aspect of Product Design
Legal Aspect of Product Design (i) The imposition of rules and acts passed by State and Central Govt. (ii) The standards related to code of...
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Difference between Production and Productivity
Production of any commodity or service is the volume of output irrespective of the quantity and quality of resources employed to achieve the level of...
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Elements of operation strategy
Elements of operation strategy Operations strategy comprises six components : Positioning the production system,- It involves selecting the product design, the production system and the...
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Functions Of Material Management
Functions Of Material Management Material Planning Purchasing Receiving Stores Inventory control Waste management
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Approaches to Aggregate Planning
Approaches to Aggregate Planning Top down approach A bottom-up approach or subplan consolidation approach Rough-cut Capacity Planning This is done in conjunction with the tentative...
