Work Study Objectives, Role, Advantages, Need
Work study involves a systematic investigation to optimise available resources, including men, machines, materials, money, and time.
Work study involves a systematic investigation to optimise available resources, including men, machines, materials, money, and time.
Given below are the points of difference between Trial Balance and Balance Sheet:
Total Productive Maintenance (TPM) management is an innovative approach to maintenance that Japanese manufacturers developed to optimize the performance of their plants and machinery.
Store management refers to the efficient management of materials. Store management ensures that all the activities involved in storekeeping are carried out efficiently and economically.
Work measurement can be defined as the systematic determination, through various techniques, of the amount of adequate physical and mental work in terms of work units in a specified task. The work units are usually given in standard minutes or standard hours.
Material management is defined as a function that integrates purchasing, storage, inventory control, materials handling, and standardization, among other activities, in an organization to reduce costs.