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Step in Process Selection
1. Establish the process Selection: A preliminary decision regarding process can be taken from but it stand point of function, economy, appearance, quality desired, accuracy and the volume of production.
2. Collect all the facts about the Problem: The information is obtained from part print analysts as well as from other departments in the firm. A list of machines equipment and skill available in the firm is prepared.
3. Plan Alternative Process: Find the number of processes by which the product or component can be manufactured. Obviously if only one process is capable of producing the required characteristics, then make or buy decision should be considered, based on comparative costs of self production versus procurement.
4. Evaluate Alternative Process: Usually, however the component can be made by two or more methods say. A,B, C, etc. Some of which may be at the plants disposal while others may involve subcontracts or new installations at the plant. It is therefore necessary to decide.
5. Establish that process as a standard practice after some necessary practical adjustments.
Advantages of Product Layout - Low Work in Progress Since production is carried on in a pre arranged continuous sequence, the stock of work in progress of materials in transit
Question: (a) Describe cost benefit analysis as used to appraise large public sector investments. (b) Compare and contrast cost benefit analysis with investment appraisal.
when we use simo chart
Explain how resource allocation can impact an organisation?
It is essential that you study the list below to ensure that you understand the terminology used in assignment and examination questions. The successful outcome of your assessment
GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.
Risk Management Responsibilities Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T
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Managerial function of organizing Organizing is the process of grouping activities and resources in a logical and appropriate manner. Because of the changes that take place wit
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