Production improvement - materials management, Project Management

Assignment Help:

1. Reciprocal Relations: When  a company deliberately buys  as much  as possible  from its own  customers  it is  said  to practice reciprocity. In consumer goods industries reciprocity is not a  problem as the sales  are spread among  many  users. In  producer goods  industries  however  reciprocity is a fact of business  life.

2. New  Materials  and Products: Engineering  and manufacturing  managers  are  always  interested in new  products  and materials that will  help  them more efficiently and thereby achieve one   of  their  primary objectives. The  purchasing department  can  help  because  it  deals regularly with the  suppliers  responsible for the new  developments.

3. Economic  Make  or Buy : Make  or buy  decisions  are generally  made  by committees consisting  of departmental  heads. The  purchasing manager should  spot the  need for a make  or buy  decisions  and refer it to   the committee for actions.

4. Standardization: The  fewer the  items  that  need be  controlled the simpler  and more  efficient  does  the materials management  process become.  Thus it is  to the  interest of the materials  personnel  to promote standardization and simplification  of specifications.

5. Production  Improvement: This  is the most  important  primary objective of  engineering department  but the  purchasing  department  can assist  the engineering department.  Their  economic  knowledge can supplement the technical  skills  of the engineers  on programmes to boost profits  through  product   change.

6. Inter Department   Harmony: Materials management  department  deals with about  almost  all departments  in the company. It  can greatly contribute  to the success of every other department  and  at the same time the success of materials  management  department  depends  on cooperation from the personnel  of the  other department.

7. Acquisitions: Business  acquisitions and mergers are common. Acquisitions  is taken as one  of  the ways  of business  expansion. It  is no easy job to identify a possible  candidate  for acquisition  and then  to make  the necessary overtures for eventual merger.


Related Discussions:- Production improvement - materials management

What is critical path in job operation of a project, What is critical path ...

What is critical path in job operation of a project? Critical Path: This is that sequence of activities that decide the total project duration. This Path is formed throu

What is organizational culture, Question: (a) What is organizational c...

Question: (a) What is organizational culture? (b) What are the two major characteristics of parent organization that affect Projects? (c) Identify and Explain the dif

Evaluation of current organisational culture, It is gradually recognised th...

It is gradually recognised that culture, although difficult to measure precisely, it is a real and very powerful force in organisations. Organisational behaviour is related to cult

Types of mechanical hazards, Probelm: (a) Identity the several types o...

Probelm: (a) Identity the several types of mechanical hazards associated with the use of bench -mounted grinder. (b) Outline the FOUR main categories of guards and safegu

Explain force field analysis techniques, Question 1: Choosing a social ...

Question 1: Choosing a social project of your choice, use the SWOT analysis and Force Field Analysis Techniques to scope the project explaining what are feasible and what are n

The Walsham Hotel: the Mechatronic KoolNitro 346 mini-bar, Compare and Cont...

Compare and Contrast the KN346 investment and the "plain vanilla" alternative.

Organisational competences and core competences, Explain the relationship b...

Explain the relationship between organisational competences and decisions relating to the contracting out of activities. Organisational competences A competence is an mehod

Goals of an fms, Goals of an FMS The goal of an FMS is to produce a m...

Goals of an FMS The goal of an FMS is to produce a moderate verity of products in moderate. Flexible quantities clearly an F M S is more flexible than conventional high volum

Processes and customer involvement, Processes and Customer Involvement ...

Processes and Customer Involvement Many processes are designed keeping in mind that value is provided by involving the customer in the delivery of the final product.  The invo

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