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PDF Editor FAQ

What is the standard for Excess & Obsolete inventory in different industries?

Here is a 5 step process to Dispose of the excess and obsolete material that you currently have on hand.Disposition of InventoryUse as is: Sometimes the inventory has been produced for one customer and that customer no longer wants it. If you still have a business relationship with that customer, the sales department needs to work with that customer to explore all options. If the original customer(s) are out of the picture, then you should look at other customers and determine if they have any requirement for a product similar to what is on hand.Re-work/modify: You may need to ask for help from your principle supplier to suggest how to modify or re-configure the merchandise to be saleable. Even if there is a cost to modification or rework, if it is less than 25%, this might be a good deal. If the obsolete inventory is an old design, can it be brought up to the latest version of the product?Sell at a discount: Some finished products and/or un-opened components can be sold through after-markets or brokers. Getting 25% of the original value in cash is certainly better than annually dusting and counting obsolete items.Use components: If your excess inventory is an assembled product or sub-assembly, can it be taken apart and at least some of the components re-used in other products or sold as spare parts?Donate for tax credit: Once you have investigated options 1 - 4 and are convinced that you have no way to use even some components, you should consider donating the inventory for a tax credit. Our colleague, Claudia Freed is the Director of Education Assistance Ltd., EAL, a not-for profit organization that has helped many companies in this process. A past client with an industrial product worked with EAL and was able to dispose of their inventory, avoid costs associated with scrapping the material, and received a tax credit. Go to www.inventorydonations.org for more information. We really liked their home page heading, "Creating College Scholarships from Excess Inventory."source: The Distributor Board | Operational Improvement | Mergers and Acquisitions | Technology

What is your review of Nuclear Power Corporation of India Limited (NPCIL)?

NPCIL is one of the best oranization to work for. It is run by Department of Atomic Energy (DAE). Working conditions are excellent. NPCIL owns a township for his employees which is full of greenish trees, flowers and some pets too. Pay scale of its personnel is fair. DAE also gives bonus to its employees on various occasions.NPCIL gives following major advantages to its employees :Gymkhana- If you love to be fit and if you can avail gymkhana free of cost, obviously NPCIL township becomes a place of fun.Medical Assistance- You can avail medical services at a very nominal cost.indoor/outdoor sports- This provides opportunity for all round development of individual. NPCIL township houses basketball court, lawn tennis court , chess/carom hall , football ground.Accommodation- Employees are made to live in a 2BHK apartment which will be fully furnished and properly ventilated.Educational assistance - central schools run by AEL (atomic energy ltd) to offer educational services to children of its employees.

As an IITian, what is your salary? Are you happy?

I am working in FIITJEE Ltd with an annual package of 11 LPA from last 11 months. This is my 1st job, I joined the educational institution just after my college as Assistant Professor of Chemistry.Am I happy?Yes I am very happy, in fact I love my job. I teach students for almost 3-4 hours in a day. I enjoy these hours. In the evening I do not feel tired.Other reason of happiness,People around me (my family members and close friends) are happy. Once I gifted a jacket to my elder sister and I can't forget the expression of happiness. I found similar expressions on the face of my parents when I presented them something from my side. Actually when I asked them if they want anything (I was on a trip of Manali) and they replied there is no need to buy anything they have everything for winter. Finally they said they want me at home as their gift. I bought the things which fascinated me most. By the way this incident taught me the meaning of relations, sometimes they don't ask but you should put yourself forward using your sense and put a smile on their faces and get one on your face as interest.

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