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Also known as the loading cost or the storage cost carrying cost represents the cost that is associated with storing an item in inventory. It is proportional to the amount of inventory and the time over which it is held. The elements of carrying cost include the opportunity cost capital invested in the stock the costs directly associates with storing goods ( like stores men salary rates heating and lighting , racking and pellet is action protective clothing store transport etc,) the obsolescence cost( including scraping and possible rework) deterioration costs and costs incurred in preventing deteriorations and fire and general insurance etc.
Retards or show down the process of deterioration or wear: To reduce friction. Assess to wear and determine on diagnosis the action required. To check a breakdown a
Question 1: Quality Function Deployment has been widely regarded as a breakthrough in the quality function. Discuss. What are the different phases of Quality Function Deployme
How will officers achieve intergration when they have no authority over either the administrative functions or programs
A) Mc Shea (2006) suggests that "multidimensional IT evaluation approaches correct for purely financial technique weaknesses by adding dimensions to the value problem". List three
Managers are directly responsible for the success or failure of any organisation. Their main responsibility is to assist the organisation to achieve its objectives in an efficient
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Objectives of Materials Handling 1. Reduction in Wastage of Machine time: Proper material handling system would ensure regular supply and distribution of raw material
Procedure of export under diferred pymey
Advantage of North West Corner Method: a. This methods is very effective as it provide step by step solution. b. It is very simple to obtain optimum solution through this
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