Scrap Disposal
12.1.0 Definition Of Scrap :
Scrap can be defined as the material, which is no longer useful to the Railways for the purpose for which it was originally purchased or obtained. Scrap also consist of arisings of waste material from manufacturing and repairing processes such as turnings and borings, sweepings, foundry dross, off cuts of metals, waste paper, weeded out records, used tickets, wooden pieces and saw dust etc.
INVENTORY MANAGEMENT
13.1.0 Definition Of Inventory :
The Dictionary meaning of Inventory is 'a list of goods'. In a wider sense, inventory can be defined as an idle resource which has an economic value. It is however, commonly used to indicate various items of stores kept in stock in order to meet future demands.
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