material management

This division of our company has come a long way since its inception. We have designed manufacture, install and supply heavy duty cranes, processes plant equipment for steel and non ferrous industries and bulk material handling equipment. We also execute turnkey EPC contracts. Today we are...

Inventory must be viewed as a positive contributor to corporate profitability. To that end, management must determine when various items should be ordered, how much to order each time, and how often to order to meet customer needs while minimizing associated costs. There are three types of...

Red Tag is an action plan, and works as a reminder to the staff to take an action. The tag is red in color and highlights the pending actions. The red tag is generally used for the following • Wanted but not needed items that cannot be disposed off • Items for which an approval is required...

POKA YOKE Poka Yoke is defect proof device that is specially used for maintaining files at the work place , at the bank there are large number of files that need to be maintained and kept so that various issues can be referred back whenever required . Poka Yoke mainly is a red color tape that...

Process Of Production / Manufacturing  Bunching As Per Size - After the completion of job work, the copper wires are bunched as per the required size. Bunching increases the current carrying capacity of wires.  Passing Of Wire Through Nozzle - The wires are then passed through the nozzle to...

Product Details of Finolex Flexon brand is a qualitative name in the field of wires & cables. We offer wide range of products designed specially for our customers, combined with advance technology, rapid development capability and in depth sales & technical service. Quality is an integrated...

COST OF PRODUCTION Cost of production plays a very important role in manufacturing business because in manufacturing firm most of the cost of the production is related to its product and for making the product some of the costs are explained below:  MATERIAL COST: Materials are the...

DISTRIBUTION:- Roma has introduced JIT (Just in Time) to its 2,500 dealers spread across the country. In order to deliver within 48 hours of the expected date of delivery, the company has put in place four regional dispatch centers, one at each regional location of the country. The material...

Home shopping There was a time when very high percentages of purchases were made through home shopping. Now in USA and other developed countries the role of home shopping has very much reduced and now does not account for more than 10 percent of total purchases. However, in India such...

Flows in Supply Chain Management:- 1. Value Flow:- Flow of the goods and services from vendor (suppliers) to customers (occasionally there would be reserve logistics). Flow to vendor side is referred to as upstream and customers side as downstream. 2. Information Flow:- Both...

Advantages of Supply Chain Management:-  To Consumer/ Customer 1. Improved Customer Service through fewer shortages 2. Improved product cost. 3. Better delivery performance. 4. Quicker response to change in demand. 5. Optimal purchase cost due to possibility of long term purchase...

SCM CHARACTERISTICS 1. Service Response:- Service response logistics relates to the co-ordination of non-material activities to fulfill service efficiently and effectively. Physical logistics & service response logistics are mutually dependent. The service response activities must operate in...

Origin of SCM In the past it was often the case the relationship with upstream suppliers and downstream customers (such as distributors or retailers) were adversarial rather than co-operative. It is still the case today that some companies try to achieve cost reductions or...

Objectives of SCM A well designed SC is expected to support the strategic objectives of:- 1. Solving supplier’s problems and beyond his level. 2. Customer service performance improvement. 3. Reduction of pre & post production inventory. 4. Minimizing variance by means of activities like...

Supply Chain Management Concept:- • Proper planning and efficient management of flow of material and related information from supplier to the customer through the organization. • Strategic supply chain management consists of developing smarter ways to choose, buy from and sell to the business...

The supply chain management that are having linkage, both upstream and downstream, in different process and activities that produce and deliver the value in the form of products and services in the hands of customer. Example: - A shirt manufacturer is a part of supply chain that extends...

Future Outlook of Two-wheeler Sector The dynamics of the Indian two-wheeler industry has changed significantly over the last five years. There is a continuation of shift in demand towards motorcycles from geared scooters. The two-wheeler industry comprising of motorcycles, geared scooters...

First phase During the period from 1950 to mid-1960s, the state had formulated a strategy based on planning and import substitution. During this era, public-sector employment and public-sector unionism rose phenomenally. Trade unions and bargaining structures were highly centralized...

RETAIL Rapidly changing production and supply chain dynamics are driving the Retail industry to automate their processes and data. Uncertainties apart, you need to achieve higher operational efficiency to expand your Retail business. Wipro Infotech leverages project management and IT...

Hi I need to submit a project report on Quality control. Can someone help me out. Thanks