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

Explain about the term management in brief, Explain about the term manageme...

Explain about the term management in brief. Management in words of LAWRENCE APPLEY: “Management is the accomplishment of outcomes by the efforts of many other people”.

Describe edgar scheins levels of organisational culture, Problem 1: Des...

Problem 1: Describe the importance of Employee Relations Management in an organisation. Describe employee relations management Importance of employee relations managem

What are the costs involved with respect to quality, Question 1: Descri...

Question 1: Describe Total Quality Management. What are the Costs involved with respect to ‘Quality'? Cost of Quality Meaning of TQM Quality Control Costs

Explain project scheduling in project management software, Explain the proj...

Explain the project scheduling in project management software. Project scheduling: Project software can assist automatically generate Gantt charts or critical path diagra

Linear programming methods of line balancing, Linear Programming Methods of...

Linear Programming Methods of Line Balancing Assume that a job is broken down into elements tasks and the total duration of all such tasks is 28 minutes. The cycle time i, e,

Lack of specialized supervision, Lack of Specialized Supervision There...

Lack of Specialized Supervision There will be greater difficulty in securing specialized supervision. Because line layout consists of several machines requiring a wide range o

Mil standards, MIL standards were introduced in 1974. In 1975 BSI 517...

MIL standards were introduced in 1974. In 1975 BSI 5179 in these parts drawn from the contents of defiance standards 05-21 series. This standard was not written in man

Feasibility Study, Want to create a feasibility study for class assignment ...

Want to create a feasibility study for class assignment using consulting firm as my entrepreneur business located in Charlotte, North Carolina USA question..

Evaluating the domain model, o Is the domain model a complete representatio...

o Is the domain model a complete representation of the relevant objects in the problem domain? o Are associations between problem domain objects captured? o Are specializatio

International quality certification, The international organization for s...

The international organization for standardization ( ISO) is the specialized international agency for standardization and at present comprises the national bodies of 91 c

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