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 [...]
Following are some of the areas, in which saving can be done as discussed: 1. Materials 2. Machinability 3. Tolerances 4. Fewer Parts 5. Tool Design 6. Make or Buy 7. Increase Productivity 8. Distribution System. Area # 1. Materials: In order to reduce the cost of the product, materials of lower or different quality which will not affect the [...]
After reading this article you will learn about:- 1. Basis of Sampling Inspection 2. Application of Sampling Inspection 3. Advantages 4. Disadvantages 5. Uses 6. Procedure. Basis of Sampling Inspection: (i) Variable basis, and (ii) Attribute basis. (i) Variable Basis: In this sampling inspection is conducted on a measurement (variable) basis, on the basis of actual readings taken. Examples of [...]