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 optimal opder quantity for coffee, A special coffeehous...

A special coffeehouse sells Colombian coffee at a fairly steady reat of 30 pounds per month. The beans are purchased from a local supplier for $3.20 per pound. The coffeehouse esti

Explain project management in the form of a cpm, Discuss an example of a wo...

Discuss an example of a work-related project that is able to be broken down into structure, tasks, subtasks, and work packages, and why project management in the form of a CPM/PERT

Control charts for attributes - statistical process control, Control Charts...

Control Charts for Attributes - Statistical Process Control Attribute data assume only two values, such as pass/fail or good/bad: they are counted rather than measured. Many q

Explain how many dollars should you convert to shillings, (Shillings) You a...

(Shillings) You are traveling abroad and have only American dollars with you. You are currently in the capital but you will soon be heading out to a small town for an extended sta

Advantages of the enterprise-wide systems, Q. What are the advantages of th...

Q. What are the advantages of the enterprise-wide systems? Benefits of Enterprise-wide systems (ERP) systems: a. In this system integration of software applications can easi

Describe how hr evolved throughout this process, HR has moved from an admin...

HR has moved from an administrative function to a transformational function. This change is based on automating HR functions through an HRIS system. Explain how HR evolved througho

The chair business uses price as major competitive factors, Management beli...

Management believes they can increase the price per chair by 10 percent in this new situation and improve profits by 10 percent. However, the sales department cautions that the pri

Locating production and service facilities, if you expand your existing com...

if you expand your existing company by opening a new divition in a foreign country, shouldthe new divistion be staffed by local personnel or by personnel imported from the parent o

Explain who was the first non royal to appear on a uk stamp, In 1964 who wa...

In 1964 who was the first non royal to appear on a UK stamp

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