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Quality Control:
Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration services, production and supply of standard reference materials, etc., are all important building blocks. Quality control through the agency of the Export Inspection Council leaves much to be desired. It is often alleged that EIA is actually playing a retrograde role, although inadvertently. This needs to be corrected. (i) The list of items subject to compulsory export inspection needs be reviewed and shortened. A trimmer EIA list is essential for a modicum of efficiency. (ii) EIA should use international agencies to train people and update the equipment available for those limited items. (iii) The quality development process need be professionalised by making use of proven quality development skills and managerial methods available around the world. Overall, pre-export inspection needs to be greatly simplified, both in the interests of speedier clearance and less harassment of the exporter as well as better administration.
THE WORLD BANK: The World Bank is another of the 'Brettonwoods Twin Sisters'. The World Bank, as it obtains presently, is an umbrella organisation, under which five different
Value Added:Value added in a particular stage of production equals value of total output, less the value of intermediate products (comprising raw materials, capital equipment and o
Reorder Point Techniques Systems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of need. Hence, stock must a
What is the concept of the development? The concept of the development: Development is a complicated multi-dimensional concept to do along with enhancements in the human
In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.
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