Page 163 - RISK Management IC 86
P. 163
The Insurance Times
such diagrams are then translated into layout drawings
where potential hazards can be plotted against bottleneck
exposures. A simple flowchart is not complete, however,
unless some quantitative value - added dimension is
included. Materials in the timber store can be used as an
example.
From the flowchart we come to know that the finished
parts that store receives have to be painted before passing
them on for final assembly. However, it's not clear what
proportion of total production has to be painted, nor where
the division between the vote questioning and metal
machining operations is in relation to total production.
It does not clearly reveal the output of various parts of
the factory, their interdependencies, and the dependence
on suppliers and customers. These details are better
observed and inferred from and input - output analysis.
(b) Bar Charts and Pie Charts - Bar Charts can be used to
compare either data from different time periods or data
relating to different categories of some variable, though
there might be in danger of being misled.
Website: www.bimabazaar.com Call: 033-22184184 / 40078428 164
Copyright@ The Insurance Times. 09883398055 / 09883380339
