himanshu goel

Work study Introduction It is a collection of techniques required to perform the organized analysis of all the factors that affect the efficiency and effectiveness of methods being used. The main objectives of work study are to improve the productivity and quality of a product economically. Work study was known as “time and motion study” previously. The two techniques involved in a work study are method study and work measurement. Method study is the process of determining the most effective method of performing a job, logical layout o manufacturing facilities, smooth movement of workmen and materials in the plant and the right placement of inspection to ensure that processing of job is on time and at an economical cost. In similar way, work measurement is the process of determining the time required by the workmen to complete a specific work at a specified time. Work study It is defined as a management service based on those techniques, particularly method study and work measu...

Purchasing management Introduction Its purpose is to ensure continuity of supply of raw materials, subcontracted items and spare parts and at the same time reduction in ultimate cost of finished goods. Subcontracted items are those items which are produced by other manufacturing and purchased by the company and the previous contract exist. Meaning of purchasing management Purchasing is the process of obtaining the materials, tools and supplies that are required for the manufacturing of a product. About 50 to 60 % of total expenditure of a production organization comprises – of raw materials, components and services. Therefore, the purchasing should be done in such a manner so that the total saving of a company increases. Purchase department handles all the activities related to the purchasing of items for an organization. Definitions According to Alford and Beaty “ purchasing is the procuring the materials, supplies, machine tools, and services required for the equipment, main...

Material management Introduction Material management is a function, which aims or integrated approach towards the management of materials in an industrial undertaking. Its main objects are cost reduction and efficient handling of materials at all stages and in all sections of the undertaking. Meaning of Materials management It is concerned with providing materials for production purposes with minimum total cost in an integrated manner for better functioning of an organization. Thus, we can say that materials are the most important resources for any company since no goods can be produced without them. Material management controls the procurement, storage, amount, movement and consumption of materials that can be used by a company for production process. It covers various aspects of materials and supplies the necessary materials when required for converting them into finished products. Definitions According to Bethel “Material management is a term used to connote controlling th...