•Mass production techniques are based on the principle of uniformity and interchangeability of many parts, components and materials used in production process.
•Standard products can be manufactured on a mass scale and their production cost can be kept to minimum.
•Standardization leads to cheaper and easier procurement and the cost of replacement can also be reduced.
•In India, Bureau of Indian Standards/ Indian Standards Institution is the national body that deals with standardization at national level.
•The standardization can be done in respect of products, processes, materials, parts, components etc.
•With the help of frequency distribution, it is easy to ascertain the sizes and types most frequently used and which can be retained as standard sizes and types.
•Standardization enables industry to have a better control on inventory, achieves economy of materials and parts, avoids wastages, plans for disposal of unwanted stock, and overall reduction in stocks.
•Through standardization and variety reduction, rationalized codification becomes becomes easier.
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