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Materials have always been vital in the history of industrial growth. True?

Answer is:-

1) TRUE

2) FALSE

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Question added by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG
Date Posted: 2016/03/25
Rami Abbas
by Rami Abbas , Sales Manager , Al Houda Contracting and Real Estate Development

1) True. In order to make a good industry you need a good materials. 

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

True is my answer. Thanks.

Mohammed  Ashraf
by Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group

True.................................................................

Yaqoub Alomar
by Yaqoub Alomar , Civil Engineer , Al-Zubeir municipality

2) FALSE

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Saiyid Maududi-Oracle Applications Consultant
by Saiyid Maududi-Oracle Applications Consultant , Entrerprise Architect , US Technomatrix, Inc

Hello Team,

Industrialization refers to a process which has occurred in the history of all economically ‘developed’ nation states and which remains an aspiration for most of the governments of those many populations which remain today relatively undeveloped. Through industrialization the economy of a country is dramatically transformed so that the means whereby it produces material commodities is increasingly mechanized since human or animal labour is increasingly replaced by other, predominantly mineral sources of energy in direct application to the production of useful commodities1. Industrialization is a special case of the near-universal phenomenon of human trade and economic change. It refers to a period of marked intensification of such activity, which in all known cases has resulted in an irreversible change in a country’s economy, after which the production and international trading of commodities remains permanently at a much higher level of intensity. This is largely because the factorial increase in productive capacities made possible by the technological shift in power supply simultaneously entails a wide range of accompanying transformations in the social relations of work, trade, communications, consumption and human settlement patterns and so, inevitably, also implies profound cultural, ideological and political change.

It would be extraordinary if such a thoroughgoing process did not have a range of significant health implications. Two of the oldest, most well-established relationships between economic activity, or trade, and population health are recognized to be mediated through the epidemiological implications of, firstly, regular social interaction between populations previously not exposed to each other’s disease ecology, and, secondly, the increasingly dense permanent settlement of populations, which occurs in the form of towns occupying nodal or strategic points in trading networks. Both of these relationships have always been understood to be negative, in terms of the health of the populations exposed2–4. It has always been realized that the lure and the material benefits of economic exchange between peoples possessing different resources and producing different commodities carry enhanced risks of the accompanying exchange of potentially fatal diseases. The historical records of the early modern city-states of Italy, for instance, demonstrate their governments’ attentions to a range of public health issues to do with the sanitary problems of packed, urban living and the periodic threats of imported epidemics5. The gradual expansion of international and intercontinental trade, including of course in persons themselves, throughout the subsequent centuries was characterized by a sequence of extraordinarily lethal epidemics of infectious disease, most tragic of all for the indigenous populations of the Americas. Thus one of France’s most eminent historians has famously written of the era of rising world trade from the 14th century to the 17th as the era of ‘l’unification microbienne du monde’6.

 

However, despite these well-understood, long-standing negative health risks associated with urbanization and with trade, by contrast the process of industrialization has in general been considered to have a much more positive relationship with human health. There is of course a very obvious intuitive reason for this. It is widely understood that industrialization was a necessary initiating historical process experienced by all today’s ‘successful’, high per capita income societies. These are generally among the populations with the highest life expectancy at birth in the world today. This has been made possible by the advanced medical technology, better food supply, and increased material living standards as a result of the continuous process of economic growth they have all experienced ever since industrialization. The apparently compelling logical inference is that industrialization has improved human welfare and health. This conclusion has been repeatedly supported during the course of the 20th century by a succession of research-based interpretations of the relationship between health and the kind of sustained economic growth made possible by industrialization7–13. The study of British economic history has played a particularly crucial role in informing this generally positive evaluation, partly because it was the first nation-state ever to industrialize but also because of the exceptionally high quality and quantity of its historical medical, epidemiological and demographic as well as economic data. This is due principally to the fact that the British nation-state, as a record-creating and preserving entity, has maintained its integrity throughout many centuries, resulting in the survival of a relative abundance of evidence. 

Regards,

Saiyid

Adel  Kansow
by Adel Kansow , Supply Chain Manager , AIC Steel

This depend on the material availability management sometime of the material volume is higher than production requirements that is may be lead to have idle investment in inventory which will effect company liquidity.

 

In traditional method company calculate the higher and lower inventory level and reorder level but we have new MRP systems which link material requirements with production schedule by dealing with perfect supplier to obtain the material when it required in production line “JIT” which will minimize the capital invested in stock    

 

Saad Hashmi
by Saad Hashmi , Associate Procurement Manager , Delmon Products Saudi Limited - IFFCO

True without any doubt. Infact they are one of the basic fundamentals for development.

Sooraj  Kareepadath
by Sooraj Kareepadath , Assistant Manager Operations , CCCTAV JV OMAN

It is a false statement, as materials are always not vital in the growth of industries 

Prabin Rai
by Prabin Rai , inventory officer , bijaya motor

It's true, material is very important to run industry.

 

vidya sagar burra
by vidya sagar burra , Assistant Manager SCM , Gati Kintetsu Express Private Limited

option 1 true is the answer..........................

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

2) FALSE>>>>>>>>>>>>>>>>>>>

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