Ethics, Fair Treatment, and Justice Managing human resources often requires making decisions in which fairness plays a role. You hire one candidate and reject another, promote one and demote another, pay one more and...
Human Resource Management-RelatedEthics Activities Selection- One writer says, “The simplest way totune up an organization, ethically speaking, is to hire more ethical people.” This can start before the applicant even applies, by creating recruitment...
Strategic Compensation Management The strategic use of rewards to regulate behaviour and performance has led to the concept of compensation management’ or ‘reward systems’- terms, which belong in the HRM, rather than the Industrial...
What is value? In dealing with the technique of Value Analysis, it is important to understand the meaning of the term ‘value’ as used in this context. Value must not be confused with cost...
Materials Handling Many types of materials, viz., raw materials, purchased components, materials-in-process (i.e. semi-finished goods), finished goods, packaging materials, maintenance and repair supplies, scrap and waste and rejects or rework are used and handled...
Transportation of materials from sources located in different parts of the country to the user’s plant is of critical importance in the field of materials management. It can be safely said that the cost...
Rail Transport Indian railway network is Asia’s largest and world’s fourth largest system. It has a tradition of competence builtover the last 125 years There has been a continuous modernising of the track, locomotives,...
Road Transport There are a large number of transport organisations the country having a fleet of trucks. They are suited for transporting freight of the order of 5 to 15 tonnes usually over distances...
Meaning and Definition Materials are of pivotal importance in the manufacturing of a product. No production is possible without materials. Moreover, materials form an important part of the costof a commodity and therefore proper...
Stores Accounting In relation to the estimation of the cost of the product for pricing decisions, stores accounting assumes a key role. Material costing is very important in terms of the valuation of the...