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In a manufacturing unit, the purchase department purchases 100 tones of raw material for production. Although the production department is in the need of only 60 tonnes of raw material. Due to this, the goods were overproduced and the extra goods were not accepted by the sales department A) Identify and explain the aspect of management which his lacking in the above unit B) Explain any 2 features of that aspect?
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In a manufacturing unit, the purchase department purchases 100 tones o...
Here is lacking of 'coordination
Features: 1.Ensures unity of action
2. Deliberate function
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In a manufacturing unit, the purchase department purchases 100 tones o...
Identifying the Lack of Management Aspect

The lack of management aspect in the manufacturing unit is inventory management.

Features of Inventory Management

1. Inventory Control:
Inventory control is the process of managing and regulating the inventory of a company. It determines the optimum level of inventory required for production and ensures that the inventory is maintained at that level. This feature helps to prevent overstocking or understocking of inventory.

2. Just-in-time Inventory System:
Just-in-time (JIT) inventory system is a feature of inventory management that ensures that the inventory is delivered to the production line just in time for production. This feature helps to minimize the inventory holding costs and reduces the risk of overproduction.

Conclusion

Inventory management is an important aspect of any manufacturing unit. It helps to ensure that the optimum level of inventory is maintained, and the inventory holding costs are minimized. The lack of inventory management can lead to overproduction and wastage of resources, which can have a negative impact on the company's bottom line.
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In a manufacturing unit, the purchase department purchases 100 tones of raw material for production. Although the production department is in the need of only 60 tonnes of raw material. Due to this, the goods were overproduced and the extra goods were not accepted by the sales department A) Identify and explain the aspect of management which his lacking in the above unit B) Explain any 2 features of that aspect?
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In a manufacturing unit, the purchase department purchases 100 tones of raw material for production. Although the production department is in the need of only 60 tonnes of raw material. Due to this, the goods were overproduced and the extra goods were not accepted by the sales department A) Identify and explain the aspect of management which his lacking in the above unit B) Explain any 2 features of that aspect? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about In a manufacturing unit, the purchase department purchases 100 tones of raw material for production. Although the production department is in the need of only 60 tonnes of raw material. Due to this, the goods were overproduced and the extra goods were not accepted by the sales department A) Identify and explain the aspect of management which his lacking in the above unit B) Explain any 2 features of that aspect? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a manufacturing unit, the purchase department purchases 100 tones of raw material for production. Although the production department is in the need of only 60 tonnes of raw material. Due to this, the goods were overproduced and the extra goods were not accepted by the sales department A) Identify and explain the aspect of management which his lacking in the above unit B) Explain any 2 features of that aspect?.
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