Assignment on operation mgt
Assignment (Production & Operations Management)
Ratings: (7)|Views: 19,110|Likes: 218
Published by api-3708369
See more Answer 1. (b)
Planning
Planning involves commitment of resources. Once committed the resources loose theflexibility of their redeployment and the navigational management becomes restricted. If planning based on incorrect premises or inadequate data has been followed up with development of infrastructure, procurement and installation of machinery contracting for services to build up the production system for proposed goods and services, there may be very few options to undo thosecommitments. The enterprise may run into a serious problem.
Objective of Planning
Planning should result into the following:-a.Identification of Product to be offered its design and distinctive features from the productsalready existing in the market. b.Selection of the Process and Technology to be used for production.c.Location and Layout of Plant and facilities where goods and services should be produced.d.Material Handling Equipment (MHE) to be used.e.Capacity of the Plan to be installed.f.Forecasting of demand or sales.g.Production planning to include procurement of material, sequencing of machine operations,scheduling of activities and outline organization/control systems.h.Logistics Details along with warehousing and distribution system.
Basic Stage of Planning
The entrepreneur plans to achieve the objectives of planning through two distinct stages:a.Strategic Planning to identify the purpose of business, product and process design, selection of plant and its layout. b.Detailed Planning for the use of the conversion process.
Strategic Planning
Strategic planning is thinking thorough the current mission of the organization andenvironmental conditions facing it and then setting forth a guide for future decisions and results.The strategic planning involves systematic assessment of environment, mission, and position of the proposed enterprise, which should result
Ratings: (7)|Views: 19,110|Likes: 218
Published by api-3708369
See more Answer 1. (b)
Planning
Planning involves commitment of resources. Once committed the resources loose theflexibility of their redeployment and the navigational management becomes restricted. If planning based on incorrect premises or inadequate data has been followed up with development of infrastructure, procurement and installation of machinery contracting for services to build up the production system for proposed goods and services, there may be very few options to undo thosecommitments. The enterprise may run into a serious problem.
Objective of Planning
Planning should result into the following:-a.Identification of Product to be offered its design and distinctive features from the productsalready existing in the market. b.Selection of the Process and Technology to be used for production.c.Location and Layout of Plant and facilities where goods and services should be produced.d.Material Handling Equipment (MHE) to be used.e.Capacity of the Plan to be installed.f.Forecasting of demand or sales.g.Production planning to include procurement of material, sequencing of machine operations,scheduling of activities and outline organization/control systems.h.Logistics Details along with warehousing and distribution system.
Basic Stage of Planning
The entrepreneur plans to achieve the objectives of planning through two distinct stages:a.Strategic Planning to identify the purpose of business, product and process design, selection of plant and its layout. b.Detailed Planning for the use of the conversion process.
Strategic Planning
Strategic planning is thinking thorough the current mission of the organization andenvironmental conditions facing it and then setting forth a guide for future decisions and results.The strategic planning involves systematic assessment of environment, mission, and position of the proposed enterprise, which should result