Modification of supply - aggregate planning, Project Management

Assignment Help:

Modification of Supply - Aggregate Planning

Some of the methods by which we can modify the supply to match the demand are:

a.Hiring and Lay off of Employees: As this policy deals with the employees one must be careful enough while selecting this strategy it is because by hiring labours on temporary basis the hiring charges may go high or some times the workers may not available in time when needed. Or if the manager goes for lay off strategy, he going to invite the troubles from the labor unions at the same time the employee morale may go down. Sometime the company may have to face legal problems due to lay off. Before taking decisions one has to weigh both positive and negative aspects so that the decisions taken will not hurt anybody.

b.Overtime and Under Time: When the changes in supply are manager and temporary overtime and under time are most commonly used. By adopting overtime, we increase the production but overtime costs are to be added to the normal costs. By under time the production may be reduced and under time costs are to be considered here.

c.Use of Part time or Temporary Labor: When the manager has to increase the supply he has to increase the capacity. By employing the temporary or part time labor the manager can do this depending on the type of labor the cost may be slightly higher or lower than the normal labor cost.

d.Subcontracting: In case the another company has some spare capacity and is prepared to hire the capacity the manager can give a part of production as subcontract to that firm. The parent company all the time can send its workers to have a close control over the quality of the product produced. Depending on the hire charges the costs of products produced under subcontracting may slightly the normal costs.


Related Discussions:- Modification of supply - aggregate planning

Developing a safe system of work, Question: (a) With reference to the ...

Question: (a) With reference to the Confined Space Regulations 1997. (i) Give the meaning of ‘confined space', providing TWO workplace examples (ii) What are the speci

Factors affecting process design - degree of automation, Factors affecting ...

Factors affecting Process Design - Degree of Automation The degree of automation  to be  adopted and  integrated into the  production  system is a key issue in process design,

What are the risk management strategies, What are the risk management strat...

What are the risk management strategies? Risk management strategies: • Retain the risk (Absorption) as like when the risk is small and won’t influence the project a great de

5. Reduction in Length of Stay for Heart Failure & Shock Pat, ABOUT THE CAS...

ABOUT THE CASE STUDY. This explains about the case study in general, its purpose, the problem identified, and the proposed solution (500-word count) V. PROJECT MANAGEMENT INTEGRAT

Describe problems with functional project coordination, Question 1: "Ma...

Question 1: "Matrix structures are becoming more common and are likely to continue to do so in the future" (Field and Keller, 1998). a) Describe likely problems with functio

Drivers of the age of project management, Question 1: (a) Elaborate on...

Question 1: (a) Elaborate on the drivers of the ‘Age of Project Management'. (b) Differentiate between the terms ‘Project Management' and ‘Line Management'. (c) Expla

Develop a new product from the given product ingredient, To develop a new p...

To develop a new product from the given product ingredient. • explore new ideas for product development, • understand the concept of development of a process, • gain kno

Network, charateristics of a good network

charateristics of a good network

What are the benefits of doing a job safety analysis, Question: A sewer...

Question: A sewer line is to be connected to a school. This work will be carried out in a 2.4 meters deep excavation and will be routed through the playground, which was once

Example for the need to globalize it management, Question: a) With the...

Question: a) With the help of a diagram classify the different global project methodologies (ITIL, CoBIT, Prince 2, BS 17799, COSO,....) that you are aware of in terms of deve

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd