Month: February 2022

Some firms make and buy critical nonstandard items to ensure that a reliable second source is available in case of difficulty with the supplier. Such a policy also provides data that are useful in reviewing internal production and management efficiency. Read More …

The Strategic issues “What kind of an organization do we want to be?” This issue is the first, and perhaps most critical, to be addressed. Pride or purely emotional reasoning plays a major part in many decisions. Pride in Self-sufficiency Read More …

Many chief executives consider the make-or-buy decision to be among the most critical and most difficult confronting their organizations. Not only are billions of dollars needlessly wasted if the wrong decision is made, but scarce management resources frequently are stretched Read More …

When ever published standards are available from outside sources the same can be applied. The frequency distribution of demand for each type and size of an item in terms of quantity of materials purchased/used /or products sold, would be an Read More …

The task force, responsible for standardization must follow procedure to get the items standardized. They should get all relevant facts from the concerned executive. They should develop standards which are easy to understand and to implement. There should be a Read More …

Standards may be classified in numerous ways. Standards can be differentiated based on purpose. A basic standard has a broad ranging effect in a particular field, such as a standard for metal which affects a range of products from cars Read More …

A standard is defined as a model or general agreement or a rule established by authority, consensus, or custom, created and used by various level of interest. Standardization is the orderly and systematic formulation, adoption, application and review of industrial Read More …

Step 1: planning and analysis The foundation of a good specification is in the planning and analyses which are undertaken before writing begins. Key people who can help such as purchasing staff, technical officers, project officers and managers and end Read More …

Brand or Trade Name The use of a brand name is the simplest way to describe what to purchase. A brand name is used by a manufacturer to distinguish a product and to aid in its promotion. Brand names ensure Read More …

There are various ways of communicating material needs, namely Travelling purchase Requisitions/Bar Code Materials needs are also communicated through a travelling purchase requisition – a form consisting of a printed card or a bar code with information about whom the Read More …