Concept of Material Scheduling or Routing

Material Scheduling or Routing

Concept of Material Scheduling or Routing

  1. Material scheduling or routing is a system of controlling the material scientifically norma...}

Store Keeping

Material Scheduling or Routing

Store Keeping

  1. Types of stores: Centralized store, decentralized and centralized stores with sub-stores.
Issuing of Materials

Material Scheduling or Routing

Issuing of Materials

  1. Pricing of materials returned to vendor: Materials purchased may be returned to the supplie...}

Stock Level or Inventory Management

Material Scheduling or Routing

Stock Level or Inventory Management

  1. Cost accounting is the branch of accounting that deals with the classification, allocation,...}

Labor Cost

Material Scheduling or Routing

Labor Cost

  1.  The success of an organization depends on a large extent upon the quality of person w...}

Department Involved in Labor cost control and their functions

Material Scheduling or Routing

Department Involved in Labor cost control and their functions

  1.  Cost accounting department is responsible for the accumulation, classification and an...}

Eoconomic Order Quantity

Material Scheduling or Routing

Eoconomic Order Quantity

  1. It is the size of the lot to be purchased which is economically viable or which can be purc...}