Standardization Process in Steel Industry...

Standardization Process in Steel Industry In a large industry there are a large number of matters as well as items which are apt to become diversified, complicated, and chaotic if not timely controlled. Industrial standardization aims to develop, establish and implement industry level standards, protocols, and conventions as well as national and international level standards for simplification and unification of the working. Standardization can be defined as reducing, simplifying, and organizing matters which are apt to become diversified, complicated, and chaotic if left uncontrolled. It is the process of formulating, issuing, and implementing standards. Standards can be defined as rules specified for standardization.  Standards are documents that provide rules, guidelines or characteristics for activities or their results, for common and repeated use. Standards aim at achieving the optimum degree of order in a given context. The entire industry as well as all the activities of the industry benefit from standardization due to the improved working environment, increased safety, enhanced quality as well as lower transaction costs and prices. There are mandatory standards and voluntary standards, but generally formation and the implementation of the voluntary standards contribute maximum to the process of standardization in the industry. Standards are usually classified in three types namely (i) reference standards, (ii) minimum quality standards, and (iii) compatibility standards. Standardization process is a powerful tool in the hands of management of the organization to simplify the operation and to reduce the inventories of raw materials, in-process materials, finished products, spares, consumables and other store items. It helps to create a strong, open, and well organized technological infrastructure that serve as a foundation for innovation led growth. For organizations of all sizes, effective standardization promotes innovation; enhance productivity and helps in improving the efficiency of man and equipment. It defines...