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

Describe the economic and commercial functions of banks, QUESTION (a) "...

QUESTION (a) "Within the financial system of a country, commercial banks are considered as major financial intermediaries with important contribution to the economy". Discuss t

Risk can be both good and bad. briefly discuss, QUESTION (a) Discuss wh...

QUESTION (a) Discuss why effective communications are particularly important in project teams and give examples of formal and informal communication channels that are likely to

Important terms in the workmen compensation act 1923s, What are the importa...

What are the important terms in the workmen compensation act 1923s? Workmen Compensation Act 1923: The significant terms into the Workmen Compensation Act 1923 are as illustrat

Prepare action plan to implement changes, Select a small business of your c...

Select a small business of your choice and explain how the particular business can be considered as a small business enterprise. List the advantages and disadvantages of being a sm

Explain about the industrial management, Explain about the Industrial Manag...

Explain about the Industrial Management. Industrial Management: Industrial Management includes guidance, control and leadership or efforts of a group of individuals towa

E-bussness, Assuming that you are running the e-business department of an o...

Assuming that you are running the e-business department of an organization, reference to the elements of the Micro and Macro environments of e-business, how are you going to deal w

Mergers and acquistions, • Discuss how the successful mergers (the 2 merger...

• Discuss how the successful mergers (the 2 mergers you identified earlier) affects the following areas of HR; • HR planning • Selection • Compensation • Performance Appraisal • Tr

Main approaches to quality that are available to ld2, The LD2 group has gr...

The LD2 group has grown rapidly over the past five years by acquiring a number of smaller kitchen accessory manufacturers and kitchen suppliers and fitters. As a consequence of thi

DIESEAL, critically analyse diesel''''s marketing mix strategies

critically analyse diesel''''s marketing mix strategies

Business ethics, pros and cons of commercial transactions in blood from the...

pros and cons of commercial transactions in blood from the egoistic perspective

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