Production Management
-
Market Price and Standard Price Method of Stock Valuation
Market Price Methods: Under market Price method, the raw material can either be charged on the replacement price or the…
Read More » -
5 Factors of Successful Store Keeping
The success of store keeping can be judged by the smooth running of production department. The underlying factors of successful…
Read More » -
The Principal Methods of Pricing of Materials taken out Store for Production
There are different methods of pricing of materials taken out of stores for production under discussion. When raw material is…
Read More » -
Travel Chart and Its Application in Business Operations
Travel chart is in the form of a two-way table or matrix. The number of backward movements are shown below…
Read More » -
Tools for Motion Study and Methods Analysis
Several charts and diagrams are used to analyze and record the various motions involved in a work operation process. These…
Read More » -
Motion Study: Application, Tools and Techniques
Motion study helps to reduce time, cost and industrial fatigue by (a) eliminating unnecessary motions, (b) combining related motions, (c)…
Read More » -
What is Time and Motion Study – Definition
Time and Motion Studies are two important techniques of scientific management. Their basic purpose is to improve the working conditions…
Read More » -
Do The Strategic Analysis of Your Business
The process of strategic management can be grouped into three phases based on different activities. These phases or stages are:…
Read More » -
Nature and Importance of Work Study
In order to improve productivity and level of performance, the technical experts as well as management experts have developed a…
Read More » -
Difference Between Product Simplification and Diversification
Simplification of a product line means the elimination of all unnecessary or marginal products from it: Diversification means that new…
Read More »
