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

Describe the importance of the calculation, Discuss the importance of the c...

Discuss the importance of the calculation and interpretation of ratios, to complete an effective financial ratio analysis?

Food is an integral part of understanding different cultures, Food is an in...

Food is an integral part of understanding different countries, cultures, and lifestyles. In fact, your company is interested in importing Australian wine to the United States. Howe

Explain in what ways if anywhere biases stereotypes, In what ways if anywhe...

In what ways if anywhere biases stereotypes or overt discrimination involved in this situation?

Calculate sample mean & superimpose the frequency histogram, 1. (a) For the...

1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com

Explain free emotional intelligence test, Perform an Internet search for a ...

Perform an Internet search for a "free emotional intelligence test." Examples of free emotional intelligence tests can be found However, you may use any free online test that you f

Explain the method of job evaluation, Explain the method of job evaluation....

Explain the method of job evaluation. Method of job evaluation: Following are the methods wherein job evaluation is done:- a) Ranking method. b) Classification method.

Explain what type of information must mititech''s suppliers, 1 To ensure th...

1 To ensure that its supply chain can handle a surge in demand, MitiTech should: a. hire additional manufacturing employees b. modify its design to speed up production time

Order winners - operations strategy, Order Winners - Operations Strategy ...

Order Winners - Operations Strategy These are operational capabilities that directly contribute to winning business. They are generally cited as the reasons for the purchase o

Explain the simple rate of return on the machine, The Jackson Company has i...

The Jackson Company has invested in a machine that cost $70000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is b

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