The Story of Village Palampur

The Story of Village Palampur                                                Production is the process of converting raw material into useful things.   Aim of production is to produce goods and services that we want.   Factors of Production                                                                                        Main Activity in the village Palampur   Farming is the main activity in the village Palampur. 75% people are dependent on this activity to earn their livelihood. Land area under cultivation is fixed and it is the basic constraint in raising farm production.   Crops grown in the village Palampur   Rainy Season –  …

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INTRODUCTION TO ACCOUNTING

                   INTRODUCTION TO ACCOUNTING      Accounting “Accounting is the art of recording, classifying and summarizing in a significant manner and in term of money, transactions and events which are, in part at least of financial character, and interpreting the results there of. ” Accounting Cycle        Difference between Book keeping and Accountancy. Basis Book Keeping Accountancy Objective Basic objective is to maintain systematic records. Basic objective is to ascertain net profit and financial position. Stage This is a primary stage. This is…

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Human Capital Formation in India

Human Capital Formation in India                                                Human capitalis the stock of competencies,knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.   Sources of Human Capital   Investment in education and health On- the- job training Migration Information about the markets   Physical Capital v/s Human Capital   Physical Capital Human Capital Tangible and can be easily sold in the market. Intangible and is not sold in the market; but its services do. Completely mobile between countries. Not perfectly mobile between countries. Separable from…

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Rural Development

                                              Rural Development Rural Development   Rural development focuses on action for the development of areas that are lagging behind in the overall development of the village economy.     Theypossess few assets. Theyreside in kutcha hutments. Manydo not get to have even two meals a day. Starvation,hunger, malnutrition and ill health Lackbasic literacy and skills Unstable employment   Credit and Marketing in Rural Areas    Rural banking: A critical appraisal   Achievements Increasein both farm and non-farm incomes, output and employment Increasein agricultural production   Chapter – 6 Rural Development       Limitations Highlevel of overdue by the farmers Highloan defaults     Agricultural Market System Agricultural Marketing is the process of assembling, storage, processing, transportation, packaging, grading and distribution of agricultural commodities across the country.     Defects in Agricultural Marketing prior to Independence   Malpracticesin markets like manipulations of weights and measures Lackof market information regarding past and current prices Inadequatestorage capacity Largenumber of middlemen Lackof standardization and grading     Measures to Overcome Defects   Regulationof markets Provisionof physical infrastructure facilities Promotionof cooperative marketing Useof policy instruments by government like MSP, maintenance of buffer stock and distribution of food grains and sugar through PDS.     Diversification into Productive Activities     Diversificationof crop production.   Chapter – 6 Rural Development   Shiftof the workforce from agriculture to other allied activities like live stock, poultry, fisheries etc.   Information Technology (IT) is fast emerging as a viable alternative…

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Waste Management Importance In Supply Chain Operations

Waste management Waste management What is waste? Can you identify what are these? Yes these are Wastes also known as rubbish, trash, refuse, and garbage, junk is unwanted substances or unusable materials. Waste is any substance which is discarded after primary use or anything that does not create value. Introduction to Waste management Arising quality of life, high rates of resource consumption patterns have had an unintended and negative impact on urban environment. Generation of wastes became far beyond the handling capacities of government and agencies. It sounds more like…

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Warehouse process- put away Operations

Warehouse process- put away Operations Warehouse process- put away Operations Introduction to Warehouse Processes As we know that warehouse is the storage of goods until they are needed. The goal of this warehouse processes is to satisfy the customer needs and requirements. Behind this goal lots of processes are going on and among them, out of the three major warehouse processes named ‘Receiving’, ‘Put-Away’ and ‘Dispatch’, we will discuss the ‘Put-away’ operation in this video. Let us briefly understand, what does put-away mean? Meaning and importance of Put-away operation Warehouse…

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Warehouse process- dispatch operations

Warehouse process- The dispatch process Warehouse process- dispatch process Introduction to Warehouse Processes As we know that warehouse is the storage of goods until they are needed. The goal of this warehouse processes is to satisfy the customer needs and requirements. Behind this goal lots of processes are going on and among them, out of the three major warehouse processes named ‘Receiving’, ‘Put-Away’ and ‘Dispatch’, we will discuss the ‘Dispatch’ operation in video. Let us briefly understand, what does dispatch mean? Meaning and importance of Dispatch operation Dispatch is the…

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Warehouse documentation

Warehouse documentation Warehouse documentation Introduction to warehouse documentation In a warehouse, plenty of different types of activities take place. Behind each and every activity, lots of documentations are taking place, thereby achieving smoothness and effectiveness in every operation. Generally, documentation is what’s written on paper. It is a material that provides official information or evidence that serves as a record. Operations related documents There are many documents related to operations in warehouse such as invoice, purchase order, delivery ticket/bill of lading, receiving report, location report over, short and damaged freight(OS&D),…

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Warehouse Design & Layout

Warehouse Design & Layout Warehouse Design & Layout Introduction to Warehouse Design & layout A warehouse design refers to the layout of the warehouse, keeping in mind the current and future needs to facilitate the business growth, processes and personnel inside the warehouse. Need for warehouse layout design A layout design is to optimize the warehousing functions by maximum space utilization and it also is a requirement in order to meet the current and projected warehouse capacity. It involves consideration of various factors such as: Process flow, Material Handling Equipments,…

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Warehouse auditing

Warehouse auditing Warehouse auditing Introduction to warehouse auditing Warehousing operations needs to be handled differently, so to critically supervise the operations is called warehouse audit supervising and taking record of all the operations in the warehouse is auditing. Warehouse audit includes:  Checking if the goods are placed according to mentioned custody and checking the uniformity in warehouse operations. Tallying the physical stock with the system stock, checking the documents of stock available in the warehouse. Why is warehouse audit required? Warehouse audit manages the business by keeping proper record of…

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