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 [...]
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. [...]
After reading this article you will learn about the suitable location and layout of a store. Location of a Store: (a) Centralised Store: In small factories, it is desirable to centralise the materials so that they may be brought under the control of one store-keeper and the store-room should be as far as possible near the place, where material is [...]