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

What is the system concept of organisation, What is the system concept of o...

What is the system concept of organisation? Explain briefly. System concept of Organisation: 1.  System is a group of independent although inter dependent tools (called

Explain about the critical path, Explain about the Critical Path. ...

Explain about the Critical Path. Critical Path: Calculation of Earliest and Latest Values of the events of the given network is as below: Event

Amount of protection against storages, There is always variation in dema...

There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks. a. Changes

What types of problems are solved by breakeven analysis, What types of prob...

What types of problems are solved by breakeven analysis? Breakeven Analysis assists solving the given types of problems as follows: 1. What volume of sales will be essentia

Practices of management.., HOW WILL YOU INFLUENCE PEOPLE TO STRIVE WILLINGL...

HOW WILL YOU INFLUENCE PEOPLE TO STRIVE WILLINGLY FOR GROUP OBJECTIVES IN YOUR ORGANISATION (TARGET BASED INDUSTRY ) APPLY YOUR INTERPERSONAL INFLUENCE THROUGH COMMUNICATION PROCES

Business Policy, what are characteristics of each component of the GE matri...

what are characteristics of each component of the GE matrix?

Describe the stages of group formation, Question: XYZ is a small organi...

Question: XYZ is a small organization producing. canned Tuna fish.Work is allocated into teams of 6 to 8 people. Some groups specialize in canning, some in design, some in mar

Greening an organisation, what is greening an organisation and the factors ...

what is greening an organisation and the factors that might affect the greening of an organisation.

What are the principles of delegation of authority, What are the principles...

What are the principles of delegation of authority? Principles of delegation of authority: a. Parity in between authority and responsibility: There must be whole parity

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