After reading this article you will learn about:- 1. Selection of Material Handling Equipment 2. Maintenance of Material Handling Equipments 3. Characteristics 4. Classification. Selection of Material Handling Equipment: A wide variety of material handling equipment is in the market; some equipment are for general purpose use and others are of special purpose use. The choice of a particular equipment [...]
After reading this article you will learn about:- 1. Meaning of Ware-Housing 2. Objectives of the Warehousing 3. Necessity 4. Functions. Meaning of Ware-Housing: In the word 'ware-housing', 'ware' means goods in the form of manufactured items, while 'housing' means a place for their safe keeping. Hence 'ware-houses' are go-downs which keep the goods and provide other related services. These [...]
To find out the cost of materials issued from stores several methods are used. The choice of method should be based on the nature of material and the type of business. Following are some important methods, which are commonly used: 1. "First-in-First Out" Method 2. "Last-in-First-Out" Method 3. Average Price Method 4. Fixed Price Method 5. Actual Cost Method 6. [...]