Stores are not meant for stocking purchased materials

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Stores are not meant for stocking purchased materials alone. Partly-finished goods, finished goods, spares, and consumables stores are also kept in stores. The emphasis here is on the storing of incoming materials. Storage system means dealing with a number of interacting, and often conflicting factors. Inevitably, the degree of mechanization affect layout while the scarcity of space affects the height to which, racking is erected. The need for rapid, intensive order packing means a need for rapid, and easy access to stock. But accessibility weights against space economy. 19.7 TERMINAL EXERCISE 1) What is continuous inventory approach? 2) List out the types of storage system 3) Mention the different types of stock verification 19.8 SUPPLEMENTARY MATERIALS 1) Hu, S. J. and Koren Y. System Configuration Reconsider Machine Layout to Optimize Production. Manufacturing Engineering. Vol. 134, No. 2, pp. 81-90. February 2005.
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238 2) Head, Keith, John Ries, and Deborah Swenson. 1995. "Agglomeration Benefits and Location Choice: Evidence from Japanese Manufacturing Investments in the United States." Journal of International Economics 38(3-4): 223-47. 19.9 ASSIGNMENT State that the outline of the stores layout and stock verification with proper Industrial examples. 19.10 SUGGESTED READINGS/REFERENCE BOOKS/SET BOOKS 1) Jay Heizer & Barry Render, Production and Operations Management, Prentice Hall Inc., 4 th edition, 1996. 2) Anil Kumar S, and N. Suresh, Production and Operations Management (with Skill Development, Caselets and Cases), Second Edition, New Age International Publishers: New Delhi, 2008 3) Anil Kumar S, and N. Suresh, Operations Management, New Age International Publishers: New Delhi, 2009 4) Ram Naresh Roy, A Modern approach to Operations Management, New Age International Publishers: New Delhi, 2005 5) Frank Rowbotham, Les Galloway and Masoud Azgashemi, Operations Management in Context, Second edition, Butterworth-Heinemann: Oxford, UK, 2007 6) Albert Porter, Operations Management, Ventus Publishing ApS, eBook, 2009 19.11 LEARNING ACTIVITIES Visit a nearest factory and observe the method of storage system followed in that factory. 19.12 KEY WORDS Stores layout Stores manual Stock verification.
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239 LESSON 20 QUALITY CONTROL 20.1 INTRODUCTION In any business organization, profit is the ultimate goal. To achieve this, there are several approaches. Profit may be maximized by cutting costs for the same selling price per unit. If it is a monopolistic business, without giving much of importance to the cost reduction programs, the price may be fixed suitably to earn sufficient profit. But, to survive in a competitive business environment, goods and services produced by a firm should have the minimum required quality. Quality standards may be any one or a combination of attributes and variables of the product being manufactured. The attributes will include performance, reliability, appearance, commitment to delivery time, etc., variables may be some measurement variables like, length, width, height, diameter, surface finish, etc.
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