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Lasya
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Value Analysis, Ergonomics, Just in time
Definition: Value Analysis (VA) is a systematic method to enhance a product's value by either cut...
Standardization and Simplification
Definition: Standardization is establishing benchmarks for measuring quality, quantity, value, pe...
Vendor selection, development and Vendor rating
Vendor Selection Importance: The purchasing department is responsible for choosing the right sup...
Inventory Control Techniques
Inventory Basics: Inventory = Stocked materials acting as a buffer between supply and demand. Ef...
Purchasing and Stores Management
Purchasing Objective: Ensure continuous material supply. Reduce finished goods cost. Key to Man...
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