When the material becomes old, it is moved to right hand side and new material is placed on the left hand side in Moving division system
To inspect is to carefully examine. The main objective of inspection is to meet customer requirements, wants, and needs. The objective is to prevent defective product flowing down the successive operations and prevent loss to the company.
To have safety, security and to claim damages during storage or transportation of materials, companies require Insurance buying.
In materials management, ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories—
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
ERP means Enterprise Resource Planning.