Category: 2_Short Notes

According to the American Iron & Steel Institute (AISI), Steel can be categorized into four basic groups based on the chemical compositions: Carbon Steel | Alloy Steel | Stainless Steel | Tool Steel Carbon Steel can be segregated into three main categories: Low carbon steel (sometimes known as mild steel); Medium carbon steel; and High […]

Review, Aggregate and Consolidate Purchase Requirements & Deliveries Review and Renegotiate existing contracts based Total Cost Avoid/Reduce Maverick Spend Optimize Supplier Base, Inventory, Centralized / Decentralized Purchasing, Catalog Purchasing Value Analysis & Value Engineering, Review Specifications Train and Educate procurement team Process Automation

Defects are common phenomenon in any engineering process. There is some limitation in any process which causes defects. Proper designing and moulding can give a defect free cast, but due to some control limitation and human interference defects are generally occur. By the proper assistance on work we can minimise the casting defects. Generally, a […]

Cast iron is a ferrous alloy that is made by re-melting pig iron in a capola furnace until it liquefies. The molten iron is poured into molds or casts to produce casting iron products of the required dimensions. Consisting of iron with more than 2% carbon, cast iron is a versatile metal that’s used in […]

There are two opposite types or schools of negotiation: integrative and distributive. Distributive Bargaining Basics It’s a one-time-only occurrence. Except for the deal itself, there is no real benefit in investing in the relationship. So, we are generally less concerned with how the other person perceives us or how the other person might view our […]

What is Fact Based Negotiation? Fact-based negotiation is the practice of focusing supplier negotiations on mutually beneficial data on cost structure rather than gamesmanship.