After reading this article you will learn about:- 1. Meaning of Work Sampling 2. Objectives of Work Sampling 3. Theory 4. Procedure 5. Determination of Time Standards 6. Applications 7. Advantages 8. Disadvantages 9. Errors. Meaning of Work Sampling: Work sampling, also called 'Activity Sampling' or 'Ratio Delay Study', is based on the statistical method first devised by L.H.S. Tippet [...]
After reading this article you will learn about:- 1. Meaning of Acceptance Sampling 2. Role of Acceptance Sampling 3. Quality Indices. Meaning of Acceptance Sampling: Sampling is the tool or technique of statistical quality control. Webster defined a sample as a product to represent the quality of the whole lot. Frequently, we in our daily life come in contact with [...]
Material cost is a main component in the total cost of the product (varying from 25 to 70%). Therefore, in order to control the cost, it is necessary to pay maximum attention for controlling material cost in following way: Way # 1. Control Over Abnormal Losses: These are avoidable losses and are wastage which should be controlled. These losses arise [...]