Production Management
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Advantages of Statistical Quality Control In Industry
Statistical quality control (SQC) is a scientific technique of controlling quality by means of statistical techniques. It has been defined…
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Objectives and Benefits of Quality Control
Objectives of Quality Control: The ultimate objectives of quality control is to provide products which are dependable, satisfactory and economical.…
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Quality Control: Definition Steps And Scope Of Quality Control
Concept of Quality Control: Quality control is an overall function designed to ensure that manufactured products meet meaningful specifications. It…
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Importance of Inventory Turnover Ratio for Control of Inventory and Purchases
One important method of exercising control over inventory is the application of ratio analysis to the inventory. In this context,…
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Factors Affecting Quality of Products And Services
All business concerns exist to provide goods and services to society. They can be profitable and successful only when the…
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Difference Between ABC Analysis and VED Analysis
ABC Analysis or Always Better Control Analysis: ABC Analysis a matter of common experience that in all organizations some items of inventories…
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Objectives Importance and Process of Value Analysis
The technique of Value analysis was first developed in General Electric Company in the U.S.A. by Lawrence D. Miles. Value…
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How Input-output Ratio of Materials Can be Used as Performance Measure
Input-output ratio is the ratio of raw materials going into production and raw standard material control of the actual output…
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Treatment of Surplus Materials Already Charged to a Job
There are usually two methods for disposing of surplus material already charged to a job in work-in process. they should…
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Meaning of Perpetual and Periodic Inventory System
Perpetual inventory system is also known as automatic inventory system. According to ICMA, London, it is, Â a system of records…
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