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

Skills helpful in project and programm support office, What skills are help...

What skills are helpful when working in Project and Programme support office? The skills which are most helpful probably include in Project and Programme support office: a.

RESEARCH PROJECT, #question:QUESTIONNAIRE ON CUSTOMER ATTITUDE TOWARDS TELE...

#question:QUESTIONNAIRE ON CUSTOMER ATTITUDE TOWARDS TELECOM SERVICES..

Redundancy in public sector organisations, Question: (i) What are the d...

Question: (i) What are the different measures taken by Government so far to address problems of redundancy in public sector organisations in Mauritius? (ii) What reasonable

The factors affected to culture of the organisation , The culture of the or...

The culture of the organisation will be strongly affected by the history of changes in the organisation and how they were accomplished.Culture is related to shared values and belie

Steps associated with the closure of a project, Question: There is a cy...

Question: There is a cycle associated with the life of a project. This runs from the commencement to the completion of the project with authority being required for both the co

External factors of swot analysis, This plan will build a good image for Ma...

This plan will build a good image for Maribyrnong Council, even Melbourne. The opportunity for Maribyrnong Council, there maybe will attract more investment for the company. It als

Data input errors, Discuss the typical data input errors in project managem...

Discuss the typical data input errors in project management.

Concept development and testing in process of development, Q. Concept Devel...

Q. Concept Development and Testing in process of development? A concept is an elaborated version of the product idea. The concepts are developed to the extent of the new produc

Explain the levels of conventional planning, Question: (a) A team is ...

Question: (a) A team is any group of persons organised to work together or interdependently in order to cooperatively meet the needs of their customers by accomplishing a pu

Disadvantages of product layout - high overhead charges, Disadvantages of P...

Disadvantages of Product Layout - High Overhead charges Due to heavy investment, the overhead fixed charges also tend to be high. A decline in demand for the product will rend

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