Buffer Interface
Buffer Interface: Inventory can buffer key interfaces, creating time and place utility. Key interfaces include: Supplier and purchasing, Purchasing and production, Production and marketing,...
Productivity and Quality Management
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Advantages Of Inventory
No business can operate without inventories. It needs inventory as a protection against uncertainty, for efficient processing of material, and to permit transit and handling....
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Dispatching
Dispatching is concerned with starting the processes & operations of production. Dispatching is based on the route sheets & schedule sheets. Dispatching provides the necessary...
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Levels of Six Sigma
THE LEVELS OF SIX SIGMA Master Black Belt / Champion: This is the highest level of technical and organizational proficiency. Master Black Belts provide technical...
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Steps in Production planning and control
Steps in production planning & control The production planning & control department has thus to initiate the following steps. Routing i.e. determination...
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Followup – Last function of Production Control
This is the last function of production control. It expedites the movement of materials & production process as a whole. It looks into determination of...
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Phases of Production Planning and Control
Planning phase: It has two categories of planning , a. Prior planning is pre-production planning & b. Active planning is actual production planning. Prior...
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Types of Inventory Costs
Inventory must be viewed as a positive contributor to corporate profitability. To that end, management must determine when various items should be ordered, how much...
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Why Six Sigma Works?
A Six Sigma program integrates the elements of management culture and quality techniques that are critical to driving performance improvement and business excellence. Six Sigma...
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Inventory Management
“Inventory” too many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished...
