Intermediate objective goals, Operation Management

Assignment Help:

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


Related Discussions:- Intermediate objective goals

Explain what is the best decision, Let's say you own a small construction c...

Let's say you own a small construction company. You need to decide whether to buy a bulldozer to add to your equipment fleet. You assume that the construction industry could be Goo

Explain which of the following is not a production activity, Which of the f...

Which of the following is not a production activity report generated by MRP? a. Planning report b. Exception report c. Planned-order schedules d. Performance contro

Explain measurable goals the decision maker seeks, Which is the marketing r...

Which is the marketing research term for the specific, measurable goals the decision maker seeks to achieve in conducting the marketing research? Research risks Research obje

Manufacturing sector - operation strategy, Manufacturing Sector - Operation...

Manufacturing Sector - Operation Strategy 1. Manufacturing has become a global industry with worldwide markets and worldwide suppliers  2. Goods becoming commodity items -

Explain what is the minimum number of workstations, An assembly line with a...

An assembly line with a number of tasks is to be balanced. The sum of the task times is 62 minutes. The line will operate for 6 hours per day. What is the minimum number of worksta

Operation research, six operators are to be assigned to five jobs with the ...

six operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. determine the optimal assignment. which operator will have no assignment

Explain what is an industry, What is an industry? (a) Industry is a grou...

What is an industry? (a) Industry is a group of diverse businesses under common owners. (b) Industry is a group of firms whose products have same and similar attributes such

Explain what is the annual number of orders, Office Supreme, Inc., a local ...

Office Supreme, Inc., a local retailer of office supplies, faces demand for one of its inventory items at a constant rate of 240,000 units per year. It costs Office Supreme $38 to

Explain what is the expected value with perfect information, ABC Company, a...

ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature: States of nature (Demand) Alternatives He

Explain constant need of trained employees, (EOQ model) Division X is growi...

(EOQ model) Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a

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