Firstly, there is greater scope for specialization in a large industry than in a small industry. Specialized personnel contribute to the quality and quantity of output. Any job is divided into several parts, each handled by a person who has specialized in it. By doing it repeatedly he attains proficiency and greater degree of skill. In a small industry this is not possible. A job cannot be divided into parts because of the number of persons employed is limited and the capital invested is small.
Secondly, in a large industry there is greater scope for specialized machinery. For example, where alpines are manufactured in a large industry, there are, several machines which do different types of jobs before a complete alpine is turned out. In a small industry a single machine is enough to turn out complete alpines. But the alpines manufactured through the process indicated in respect of large industry are definitely of superior quality.
Thirdly, a large industry can afford to have its own repair department and thus save costs. In a small industry if the machine fails or any part of it goes out of order for some reason, the proprietor has to send it to a repairing workshop which may be situated far away from the factory. Taking machine to the repairing workshop and then to bring it back involve wastage of much time, energy and money. This adds to the cost of the articles manufactured. In a large industry much time, energy and money can be saved by maintaining a repairing department in the premises of the industry itself
Fourthly, a large industry enjoys the commercial advantage of buying and selling. Raw material is bought in large quantities for which advance contracts can be made. For the purpose of sale of manufactured articles agencies can be opened at different places in the country, and if possible, abroad.
Fifthly, a large industry is capable of standing adverse times. A good industrialist can foresee impending adverse times and can make arrangements in advance to face them. Raw material can be stored in large quantities if there is anticipated a possibility of its shortage in near future. The risk bearing capacity of the industrialist being greater, the manufactured articles can be stored if demand for them goes down and then gradually released manipulating the demand itself. All this is not possible in a small industry.Firstly, there is greater scope for specialization in a large industry than in a small industry. Specialized personnel contribute to the quality and quantity of output. Any job is divided into several parts, each handled by a person who has specialized in it. By doing it repeatedly he attains proficiency and greater degree of skill. In a small industry this is not possible. A job cannot be divided into parts because of the number of persons employed is limited and the capital invested is small.
Secondly, in a large industry there is greater scope for specialized machinery. For example, where alpines are manufactured in a large industry, there are, several machines which do different types of jobs before a complete alpine is turned out. In a small industry a single machine is enough to turn out complete alpines. But the alpines manufactured through the process indicated in respect of large industry are definitely of superior quality.
Thirdly, a large industry can afford to have its own repair department and thus save costs. In a small industry if the machine fails or any part of it goes out of order for some reason, the proprietor has to send it to a repairing workshop which may be situated far away from the factory. Taking machine to the repairing workshop and then to bring it back involve wastage of much time, energy and money. This adds to the cost of the articles manufactured. In a large industry much time, energy and money can be saved by maintaining a repairing department in the premises of the industry itself
Fourthly, a large industry enjoys the commercial advantage of buying and selling. Raw material is bought in large quantities for which advance contracts can be made. For the purpose of sale of manufactured articles agencies can be opened at different places in the country, and if possible, abroad.
Fifthly, a large industry is capable of standing adverse times. A good industrialist can foresee impending adverse times and can make arrangements in advance to face them. Raw material can be stored in large quantities if there is anticipated a possibility of its shortage in near future. The risk bearing capacity of the industrialist being greater, the manufactured articles can be stored if demand for them goes down and then gradually released manipulating the demand itself. All this is not possible in a small industry.
huge profit
Advantages of production planning and control to a small scale industry are that, the industry is able to manage its finances, the industry controls the order and stock, there is no over or underproduction.
Classification of industries on the basis of size........... On the basis of size 3 types of industries are there:- 1.Small scale industry 2.Medium scale industry 3.Large scale industry -mohit malviya VIII-'D' SICA.S.S.SCHOOL
A cottage industry is small scale production of objects by the individual hand of a skilled artisan.An assembly line is large scale production of objects by a series of unskilled people, each of whom does just one job as the object moves from person to person down an assembly conveyor.
What competitive advantages can a lean supply strategy confer on the manufacturing industry? Explain in detail how these advantages are secured and maintained.
large scale industries are type of industries in which very large amount of production & manufacturing can be done....
In large scale industry the goodes will get in cheap rate
example of large scale industry
huge profit then large competitions ect.....
You can start a large scale industry if you have adequate financial outlay.
it provies raw materials for other large scale industries
example of large scale industry
Advantages of production planning and control to a small scale industry are that, the industry is able to manage its finances, the industry controls the order and stock, there is no over or underproduction.
Large scale industries which are capital intensive .........................................
small scale industries and large scale industries . steel plant in Durgapur Westbengal is an Eg for large scale industry.
There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry
Role of large scale industry?
The advantages of small scale industry in India, can include closer supervision, better employee relationships, and simple management procedures. The disadvantages of small scale industry in India can include higher production costs, competition problems, and funding difficulties.