Define Just-In-Time (JIT) Production.

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

Discuss Principles of Purchasing or 6 Laws of Purchasing.

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

Definition of Purchasing.

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

Write something on Selective Control of Inventory.

Selective Control of Inventory: Selective control refers to the variation in the method of control from item to item on some selective basis. For this, a variety of criteria are applied. They are: Selective control is more effective and is directed to more significant groups of items. In this system, the items are categorized into … Read more

ভারতের 5টি সেরা বর্ষাকালীন গন্তব্য 5 Best Monsoon Destinations in India What is Scientific Management? What are the Functions of Management? What is the concept of Management?
ভারতের 5টি সেরা বর্ষাকালীন গন্তব্য 5 Best Monsoon Destinations in India What is Scientific Management?