1. Continuous production consists of – (a) mass production (b) process type production (c) both (a) and (b) (d) none Ans: (c) 2. Productivity can be increased by – (a) minimizing wastage of materials (b) increasing machine hours (c) buying more materials (d) both (a) and (b) Ans: (d) 3. Fixed position layout means – … Read more
Just-In-Time (JIT) Production: JIT is “a manufacturing philosophy based on planned elimination of all waste and continuous productivity improvement.”It has also been referred to as a method of producing “just in time” components at the appropriate time and location. Waste is the outcome of any activity that increases costs without providing value, such as the … Read more
Principles of Purchasing/ 6 Laws of Purchasing: 6 R’s of purchasing i) Right quality: The ability to “accomplish or be capable of doing a certain thing” is the definition of quality. -in other words, quality refers to a thing’s usefulness in achieving a particular goal. -Quality can be specified in different meanings, i.e., dimension, power, … Read more
A “Business activity directed to securing the materials, supplies, and equipment required in the operation of an organization” is how purchasing is defined. Lewis defines purchasing as any primary materials, supplies, equipment, and so on that the maker obtains through any method. This procurement includes extraction from owned mines or forests, cultivation of owned agricultural … Read more
