Standardization and simplification of inventories, Business Management

Assignment Help:

For proper inventory control standardization of materials and products as well as simplification of the production line is necessary standardization refers to limiting of a production line to define types sizes and characteristics which are considered to be standard by which a comparison on evaluation can be made. Specification for components should also be fixed. it will ensure the quality or products manufactures. Simplification in inventories refers to the elimination of excess types and sizes of items. It leads to reduction in inventories and carrying cost.


Related Discussions:- Standardization and simplification of inventories

Define the scope of total quality management in brief, Define the scope of ...

Define the scope of total quality management in brief. Scope of TQM: Total Quality Management is a system approach to quality within all spheres of organisation. It impli

Mgmt2023, A company is considering whether to purchase a piece of land that...

A company is considering whether to purchase a piece of land that has come up for sale at a cost of $10 million. Two suggestions have been made for the use of the land. One is to

What are the important provisions for employee health, What are the importa...

What are the important provisions for employee health? Important provisions of Factory Act, 1948 about health: The given are the significant provisions for employee

Benefits of having and environment management system, Question 1: (a) W...

Question 1: (a) What is the purpose of the EIA process (b) Differentiate between the terms environment impact and environmental aspect (c) Do you think public participati

Effective management of quality, QUESTION 1 Failing to plan is planning...

QUESTION 1 Failing to plan is planning to fail. (a) Describe four types of plans that can be designed for an effective management of quality. (b) For planning to be effec

What you understand by the term "cost insurance freight", QUESTION 1 (a...

QUESTION 1 (a) Mr. Gentil, a Mauritian textile exporter, is proposing to enter into an international sales contract with a French importer, to sell his textile products. Advise

Explain effective decision making process, Question 1: (a) Why is the f...

Question 1: (a) Why is the function of controlling important to an organisation? (b) What are the steps that need to be followed in implementing an effective control system?

Approaches for handling customer complaints, Explain some of the approaches...

Explain some of the approaches for handling customer complaints and listening to customers

What is management, QUESTION (a) What is management? Use your own words...

QUESTION (a) What is management? Use your own words to define the concept Discuss the various functions which constitute the process of management (b) Describe the skills

What are the middle management functions, What are the middle management fu...

What are the middle management functions? Middle Management: This includes Superintendents, General Managers and Branch managers. Middle management Functions are: 1

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd