Products may be classified as:- 1. Convenience Goods 2. Shopping Goods 3. Specialty Goods 4. Industrial Goods. Type # 1. Convenience Goods: Convenience goods such as cigarettes, candy bars, blades, magazines etc. All these items are found clustered around the checkout stand of food stores, and food, of course, is usually a convenience good. Convenience goods are placed so that [...]
Sampling plans may be classified as follows: 1. Single Sampling Plans 2. Double Sampling Plans 3. Multiple Sampling Plans 4. Sequential Sampling Plan (Item by Item Analysis). 1. Single Sampling Plans: A lot is accepted or rejected on the basis of a single sample drawn from that lot. i. Under this plan, a lot is accepted or rejected on [...]
The different steps involved in process planning are: 1. Preparation of Working Drawing 2. Make or Buy Decision 3. Process Selection 4. Machine Capacity 5. Process and Equipment Selection Procedure 6. Selection of Material, Jigs, etc. 7. Preparation of Documents. Step # 1. Preparation of Working Drawing: A product is depicted by its drawing. A working drawing is a document [...]