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Production Planning – Standards Design

The production department must design and follow certain standards, to ensure consistency in quality, productivity, efficiency and cost. We must [...]
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Production Planning – Job Design

Every production batch of each product to be manufactured by the company’s production facility must be carefully designed. • Each [...]

Production Planning – Data-flow Design

Proper management of production requires a lot of data. Proper data can help us in taking a lot of decision [...]
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Production Planning – Schedule Design

The production department must prepare and execute schedules for production and maintenance. Production Schedule The company must have a process [...]
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Production Control

The production team must be watchful and ensure that the production activity is progressing as per the schedule. Focused supervision [...]
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Managing 6M’s of Production

Managing production essentially means managing the 6Ms: Man, Money, Machine, Material, Method and Market. Here is what is expected in [...]

Improving Productivity

Production managers must strive to increase productivity. In doing so, our efforts must be targeted on the following: • Information: [...]
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Inventory Management – Basics

At any moment of time, every company holds some stock of various items. These items collectively make up the inventory [...]
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Inventory Control Methods – Classification Of Inventory

The methods used to control inventory focus on • Classification of inventory • Setting up minimum stock levels and ordering [...]
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Inventory Control Methods – Setting up Various Stock Levels

Reorder Level To maintain a satisfactory level of inventory for every material, a specific quantity is fixed as the reorder [...]
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Inventory Control Methods – Ordering Methods

Different companies have different ordering methods, depending upon their product mix, warehouse and store locations, production or sales cycles, supplier [...]

Guidelines For Inventory Control

• Inventory can hold a lot of money in investment for any manufacturing or trading company. It is an important [...]
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Procurement or Purchase – Introduction

A business requires various types of goods and services as its input. For a manufacturing unit, a lot of raw [...]
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Purchase Requisition

To facilitate proper coordination of purchase process, purchase department needs a Purchase Requisition for every purchase they are told to [...]
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Quotation

• For every occasional purchases of a significant value, a quotation is received from the supplier. • Generally, to have [...]
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Pro-forma Invoice

• Many a times, particularly in Export-Import business, before sending the goods, the seller sends an abridged or estimated version [...]
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Purchase Order (PO)

• To streamline the purchase process, a standardized Purchase Order (PO) should be issued by the buying company. • A [...]

Goods Received Note (GRN)

• At the time of receiving the goods ordered through a Purchase Order, the buyer issues a confirmation through Goods [...]