Varying utilization plan, Project Management

Varying Utilization Plan

The utilization of workers is varied keeping it he workforce size and inventory size constant. The number of workers is kept constant in this plan. During the months of low demand the workers produce less so as to match the demand and they have a lot of idle regular production are produced by overtime on the part of workers. The idle time on the part of workers during months of low demand is a loss to the company which pays full wages to its employees. On the other hand the company incurs overtime costs during periods of high demand. Overtime is usually expensive compared to the regular wages given to workers. In addition. Excess overtime leads to less effectiveness on the part of workers and much more accidents because of lack of concentration. Still the company saves on inventory costs which are almost negligible in this plan.

These basic planning strategies should preferably not be used in isolation from each other as each one of these has typical drawbacks. A combination of these strategies is used in preparing the aggregate production plan.

Posted Date: 1/30/2013 8:07:46 AM | Location : United States

Related Discussions:- Varying utilization plan, Assignment Help, Ask Question on Varying utilization plan, Get Answer, Expert's Help, Varying utilization plan Discussions

Write discussion on Varying utilization plan
Your posts are moderated
Related Questions
There are also seven decide modules on our model. The first one decides whether patients need a wheel chair or not; if yes, they will be sent to a clerk who is responsible for spec

think a project of your own and formulate a questionnaire

Disadvantages of Procedures 1) Procedures tend to inhibit rational and logical thinking. The assumptions in the basis of which a procedure was designed might not obtain in all ci

Question 1: "One of the main challenges of hotel management today is the rapid changes in customer requirements, trends and tastes, resulting in the necessity for frequent exte

I have a project that I would like to have a work breakdown structure developed for.

Question : (a) Define risk as per the Public Private Partnership Guidance Manual. (b) What are the primary objectives of transferring risks from a contracting authority to

Question: (a) "TQM requires the whole organization to adopt the culture of quality. In a TQM organization quality will dictate the decisions, tasks and processes." In the lig

In the previous learning unit, you examined your values, aspirations, strengths and competency gaps to identify three goals towards which you will strive in this programme and in y

FLF is a courier company based in Z Country which presents direct document and parcel express delivery services for commercial customers. It prides itself not only on its reliabili

What is communication in organisation? Communication: An organisation structure gives channels for the flow of information on that the decisions of the organisation will