Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Ensuring against market fluctuations
Discounts allowed in bulk purchase
Achieving optimization
Acceptable customer service at low capital investment in inventory

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Industrial Engineering and Production Management
Dispatching

Prescribes the sequence of operations to be followed
Regulates the progress of job through various processes
Is concerned with the starting of processes
Determines the programme for the operations

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Industrial Engineering and Production Management
Travel charts provide

The information for changes required in rearranging material handling equipment
A compact estimate of the handling which must be done between various work sections
An idea of the flow of materials at various stages
An approximate estimate of the handling which must be done at a particular station

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