Intermediate objective goals, Operation Management

Intermediate objective goals

1. Machinery and Equipment: The objectives in the  area of machinery  and equipment  are divided into:

  • Acquisition of machinery and  equipment.
  • Utilization of machinery and  equipment.

 

The adequacy of the existing  of the  machinery should be considered and  proper additions and  replacements should  be made according to the requirements. Efforts should also be made to increase the  utilization rate of machinery through repair, maintenance  and maximum occupancy of the machines .

2. Materials: The materials objectives must be  prescribed in terms of units  rupee value and space requirements. The per unit  materials costs should  be specified and efforts should be made to increase the inventory turnover of all types of inventories raw  materials work in progress and finished goods.

3. Manpower: Manpower is an important as well as typical input in manufacturing activities. So the objectives of the production activities are as regards manpower must be closely allied with the objectives of selection, placement, training, rewarding and utilization of manpower. Generally these objectives are considered in terms of employee turnover rates, safety measurements, industrial relations, absenteeism and so on.

4. Manufacturing Services: The provision of proper and adequate services directly affects the  utilization of  other inputs  such as men machines and materials. Proper objectives should  be set for the installation of important facilities such as power, water supply material handing  etc. In a condensed form it can be stated that the objectives of the manufacturing activities  are to manufacture a quality product, on schedule at the lowest possible costs  with  maximum asset turnover, to achieve consumer satisfaction. This statement is closely related to the ultimate and intermediate objectives of the production function

Posted Date: 12/11/2012 5:06:19 AM | Location : United States







Related Discussions:- Intermediate objective goals, Assignment Help, Ask Question on Intermediate objective goals, Get Answer, Expert's Help, Intermediate objective goals Discussions

Write discussion on Intermediate objective goals
Your posts are moderated
Related Questions
Your best friend owns a small children's clothing store located in the downtown area of a community of 50,000 citizens. Business has been slow the past year due the construction of

General Model of the Operations Function This figure illustrates the basic concept of the operations function. Firstly inputs are transformed (converted) to outputs with the m

A virtual good is a physical object that is sold over the interest

As an entrepreneur, how would you go about doing a job analysis for the first employee you are going to hire in your new business? What are the three steps in completing a job anal

Clearly-defined goals are the essence of great teamwork. Which of the following statements is most true about how goals should be articulated by teams

Practical Application Scenario To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices %u2013 Random Sample documents, provided in the Resource

Suppose you are overseeing the purchasing of a certain commodity for the following year. The demand for this item is estimated to be 20,000 units/year, and steady throughout. Every

What is Customer Relationship Management? Describe the four-step framework for one-to-one marketing that can be adapted to CUSTOMER RELATIONSHIP MANAGEMENT marketing?

Has globalization of supply chains encouraged or discouraged Vendor Managed Inventories?

AirJet Best Parts, Inc. is concerned regarding recent changes in its stock prices for the company and would like to determine the stock prices for key competitors. Key competitors