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This document outlines the process of generating and screening project ideas. It discusses monitoring the external environment, evaluating corporate strengths and weaknesses, and using tools like Porter's five forces model to identify investment opportunities. Potential project ideas are scouted from various sources and given a preliminary screening based on factors like market potential and costs. Projects are then rated using an index calculated from weighted factors to determine which ideas warrant further evaluation. The sources of positive net present value that make projects profitable are also discussed.
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The Procurement Manager is responsible for strategically managing the procurement processes of equipment, engineering, and construction services for multiple company groups. This includes defining procurement tactics, overseeing vendor qualification, negotiations, and framework agreements to maintain cost leadership while ensuring regulatory compliance. The role also manages purchasing, supply chain, and procurement managers in India and China to deliver orders on time and on budget with the proper quality. A successful candidate requires experience in procurement, sourcing, vendor management, and negotiation skills along with the ability to analyze data and make effective decisions.
Operations management involves overseeing a company's day-to-day operations to maintain efficiency. It includes functions like strategy, finance, design, forecasting, operations, quality, and supply chain management. Major decisions include long-term choices like product and equipment selection as well as short-term decisions around inventory, maintenance, quality control, and costs. Operations managers face challenges like managing multiple customers, strategy implementation, and continual improvement while adapting to trends like globalization, technology, and outsourcing. Product design defines a product's characteristics and must support manufacturability, while considering factors like customer input, prototyping, materials, production methods, and regulations.
This document discusses product design and development. It outlines the key stages in product development: idea generation, feasibility study, preliminary design and testing, and final design and process. It also covers product life cycles and the importance of research and development for product design. R&D helps improve products, capture market share, and adapt to global demands. The objectives of R&D include creating new products and processes, improving quality, and gaining advantages from incentives.
The webinar covered procurement strategy development. It discussed NLPA's 10 phase approach to world class sourcing, leveraging customer requirements in procurement strategy and customer experience. Attendees learned how to understand the 10 phase approach, leverage customer and supplier matrices, and prioritize future learning. Polling questions gauged experience levels and interests in different procurement strategy topics.
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This document outlines the process of generating and screening project ideas. It discusses monitoring the external environment, evaluating corporate strengths and weaknesses, and using tools like Porter's five forces model to identify investment opportunities. Potential project ideas are scouted from various sources and given a preliminary screening based on factors like market potential and costs. Projects are then rated using an index calculated from weighted factors to determine which ideas warrant further evaluation. The sources of positive net present value that make projects profitable are also discussed.
CHAPTER 15 MANAGING SUPPLIERS AND CUSTOMERS solution.pdfQunho15
This document discusses supply chain management and supplier relationships in the context of a chapter on managing suppliers and customers from an accounting textbook. It provides details on supply chain management concepts, benefits of strategic supplier relationships for different parties, criteria for supplier selection and performance evaluation, just-in-time systems, customer relationship management, and customer profitability analysis techniques.
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The document discusses operations in the source-to-pay (S2P) cycle. It describes the key steps in the S2P process, including generating material requirements, sending requests for quotation, identifying suppliers, receiving quotes, approving purchase orders, receiving goods, processing payments, and dispatching materials to buyers. It also discusses challenges like risk mitigation and supplier management issues. Additionally, it outlines performance indicators for evaluating the procure-to-pay process and emphasizes the importance of procurement in helping businesses address disruptions and maintain operational continuity.
The Procurement Manager is responsible for strategically managing the procurement processes of equipment, engineering, and construction services for multiple company groups. This includes defining procurement tactics, overseeing vendor qualification, negotiations, and framework agreements to maintain cost leadership while ensuring regulatory compliance. The role also manages purchasing, supply chain, and procurement managers in India and China to deliver orders on time and on budget with the proper quality. A successful candidate requires experience in procurement, sourcing, vendor management, and negotiation skills along with the ability to analyze data and make effective decisions.
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The webinar covered procurement strategy development. It discussed NLPA's 10 phase approach to world class sourcing, leveraging customer requirements in procurement strategy and customer experience. Attendees learned how to understand the 10 phase approach, leverage customer and supplier matrices, and prioritize future learning. Polling questions gauged experience levels and interests in different procurement strategy topics.
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This document provides information on an organization's vendor quality improvement process from 2013-2014. It discusses upgrading existing vendors like HSG Machinings and Catcher & Co. castings. It also covers quality improvement efforts for existing and new castings, as well as bearing and housing machining. The document outlines the vendor selection process and provides examples of evaluation criteria and formats for selecting and developing vendors. It discusses strategies for negotiating contracts and common negotiation mistakes to avoid.
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Define, apply, and analyze the results of customer relation measures such as quality function deployment (QFD), customer
satisfaction surveys, etc.
The #DROOS_FLGAWDA channel is dedicated to providing scientific content that effectively contributes to building knowledge among interested and quality workers as well as manufacturers and service providers so that they can achieve their products better, faster and at the lowest cost.
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The document describes the product design process, which includes key steps like product planning, concept development, embodiment design, and detail design. It discusses product planning in depth, including why it is important to determine the right mix of projects and provide each project with a focused mission statement. The document also covers gathering customer needs, generating concepts, and evaluating concepts to arrive at the best design.
This document outlines procurement procedures according to Central Vigilance Commission (CVC) guidelines. It discusses the procurement process, including need assessment, tendering, and guidelines for specifications and estimated costs. The key steps in procurement are needs recognition, purchase requisition, vendor selection, bid invitation and evaluation, finalizing a purchase order, receipt and payment. Specifications should ensure value for money, transparency and competition. Estimated costs should be based on market surveys, past purchases, and cost analyses. Procurement planning involves critically reviewing requirements, assessing quantities, and selecting bidding systems.
The document discusses Whirlpool's supply chain challenges in the early 2000s when it was experiencing declining delivery performance due to inconsistent inventory, inefficient systems integration across its global locations, and forecasting errors. This caused availability to fall below industry levels. Whirlpool implemented a new centralized IT system for master scheduling, inventory management, and planning which led to 50% lower forecast errors, 20% less inventory, and availability increasing to 97%. The document also defines supply chain management, describes the objectives and decisions involved, and explains the design, planning, and operational phases of supply chain management.
Bba501 & production and operations managementsmumbahelp
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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The document discusses supplier partnerships and quality management. It notes that supplier quality significantly impacts overall costs. Ishikawa's principles of customer-supplier relations emphasize shared responsibility, independence, clear requirements, and continual improvement. Effective partnerships require long-term commitment, trust, and shared vision. Companies select suppliers based on item criticality and supplier capabilities, and evaluate suppliers on quality systems, performance metrics, and certification.
This document discusses designing products for fast time to market within the context of concurrent engineering. It outlines the goals of designing for time to market as reducing cycle time and costs while improving quality. Achieving fast time to market requires top management commitment, organizational integration across functions, involving vendors early, using computer technologies, and understanding market strategies. Key factors that affect time to market include modular product design during conceptualization, overlapping activities to reduce sequencing, and integrating all product development processes.
This document contains multiple choice questions and answers related to materials management, purchasing, and operations management topics. Key areas covered include the 5 R's of purchasing, types of buying (seasonal, scheduled, etc.), material classification (raw materials, WIP, etc.), and definitions of concepts like MRP, BOM, lead time, and purchasing. The questions assess understanding of fundamental terms and processes in materials and operations management.
a process that businesses use to evaluate potential major projects or investments
We shall learn about Capital Budgeting and all the details related to it in this article:
What is Capital Budgeting in detail
Features of capital budgeting
Understanding capital budgeting and how it works
Techniques/Methods of capital budgeting with Examples
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Factors affecting capital budgeting
Objectives
Limitations of capital budgeting
Supply chain management is the streamlining of a business' supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. Supply chains cover everything from production, to product development, to the information systems needed to direct these undertakings.
The document discusses supply chain management and vendor management strategies at Maruti Suzuki India Limited (MSIL). It notes that MSIL sources over 70% of car components from local vendors. MSIL delivers over 150 car variants from 14 models while sourcing 25-30 parts from 2,500-3,000 vendors. It emphasizes strategic vendor relationships, rationalizing vendors from 370 to 100, and locating most within 100 km for just-in-time delivery. The document also outlines MSIL's vendor selection process, methods for rating vendors, and efforts to develop vendors through knowledge sharing.
Wong Kam Yuen has over 12 years of experience in supply chain management and supplier quality roles. He currently serves as the Director of Global Supplier Quality and Development at Johnson Electric, where he manages a team of 150 people and is responsible for supplier benchmarking, cost reduction programs, and supporting customer audits. Some of his accomplishments include establishing an in-house resin production line to generate 20% cost savings, standardizing materials to achieve $3 million in annual savings, and qualifying a second source supplier for electrical steel, resulting in $3-5 million in annual savings. He holds a Bachelor's degree in Mechanical Engineering and is qualified in various quality standards.
The document summarizes the key steps in a typical purchase cycle for projects:
1) Project engineers specify requirements and identify potential vendors.
2) Buyers send tender requests to shortlisted vendors detailing requirements.
3) Vendors submit bids in response to the tender which are evaluated.
4) The preferred vendor is selected based on both technical and commercial evaluations and a purchase order is placed.
5) The purchasing process is then monitored to ensure timely delivery of goods that meet specifications.
Dynamics of Structures - A K Chopra - Solutions Manual.pdfahsansaeed78
The document contains the copyright information and permissions notice for the book "Dynamics of Structures, Third Edition", by Anil Chopra, published by Pearson Education, Inc. in 2007. It states that the book is copyrighted and written permission must be obtained from the publisher before any prohibited reproduction, storage, transmission or other use of the content. Contact information is provided for the Rights and Permissions Department to request permissions. This notice is repeated verbatim multiple times throughout the document.
This document discusses equipment management in construction projects. It covers organizing an equipment management department based on project size, managing spare parts inventories, ABC analysis for stock planning, and the importance of inspection and maintenance programs. Key aspects include defining roles for equipment management teams, considering factors like project size and equipment types, keeping minimal spare parts on hand, categorizing spare parts into A, B and C groups based on costs and quantities, and developing scheduled maintenance to minimize downtime and keep equipment productive.
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This document provides information on an organization's vendor quality improvement process from 2013-2014. It discusses upgrading existing vendors like HSG Machinings and Catcher & Co. castings. It also covers quality improvement efforts for existing and new castings, as well as bearing and housing machining. The document outlines the vendor selection process and provides examples of evaluation criteria and formats for selecting and developing vendors. It discusses strategies for negotiating contracts and common negotiation mistakes to avoid.
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Define, apply, and analyze the results of customer relation measures such as quality function deployment (QFD), customer
satisfaction surveys, etc.
The #DROOS_FLGAWDA channel is dedicated to providing scientific content that effectively contributes to building knowledge among interested and quality workers as well as manufacturers and service providers so that they can achieve their products better, faster and at the lowest cost.
Simply channel #DROOS_FLGAWDA... will change your life for the better
JOIN-US FOR FREE
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The document describes the product design process, which includes key steps like product planning, concept development, embodiment design, and detail design. It discusses product planning in depth, including why it is important to determine the right mix of projects and provide each project with a focused mission statement. The document also covers gathering customer needs, generating concepts, and evaluating concepts to arrive at the best design.
This document outlines procurement procedures according to Central Vigilance Commission (CVC) guidelines. It discusses the procurement process, including need assessment, tendering, and guidelines for specifications and estimated costs. The key steps in procurement are needs recognition, purchase requisition, vendor selection, bid invitation and evaluation, finalizing a purchase order, receipt and payment. Specifications should ensure value for money, transparency and competition. Estimated costs should be based on market surveys, past purchases, and cost analyses. Procurement planning involves critically reviewing requirements, assessing quantities, and selecting bidding systems.
The document discusses Whirlpool's supply chain challenges in the early 2000s when it was experiencing declining delivery performance due to inconsistent inventory, inefficient systems integration across its global locations, and forecasting errors. This caused availability to fall below industry levels. Whirlpool implemented a new centralized IT system for master scheduling, inventory management, and planning which led to 50% lower forecast errors, 20% less inventory, and availability increasing to 97%. The document also defines supply chain management, describes the objectives and decisions involved, and explains the design, planning, and operational phases of supply chain management.
Bba501 & production and operations managementsmumbahelp
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
The document discusses supplier partnerships and quality management. It notes that supplier quality significantly impacts overall costs. Ishikawa's principles of customer-supplier relations emphasize shared responsibility, independence, clear requirements, and continual improvement. Effective partnerships require long-term commitment, trust, and shared vision. Companies select suppliers based on item criticality and supplier capabilities, and evaluate suppliers on quality systems, performance metrics, and certification.
This document discusses designing products for fast time to market within the context of concurrent engineering. It outlines the goals of designing for time to market as reducing cycle time and costs while improving quality. Achieving fast time to market requires top management commitment, organizational integration across functions, involving vendors early, using computer technologies, and understanding market strategies. Key factors that affect time to market include modular product design during conceptualization, overlapping activities to reduce sequencing, and integrating all product development processes.
This document contains multiple choice questions and answers related to materials management, purchasing, and operations management topics. Key areas covered include the 5 R's of purchasing, types of buying (seasonal, scheduled, etc.), material classification (raw materials, WIP, etc.), and definitions of concepts like MRP, BOM, lead time, and purchasing. The questions assess understanding of fundamental terms and processes in materials and operations management.
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Understanding capital budgeting and how it works
Techniques/Methods of capital budgeting with Examples
Process of capital budgeting
Factors affecting capital budgeting
Objectives
Limitations of capital budgeting
Supply chain management is the streamlining of a business' supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. Supply chains cover everything from production, to product development, to the information systems needed to direct these undertakings.
The document discusses supply chain management and vendor management strategies at Maruti Suzuki India Limited (MSIL). It notes that MSIL sources over 70% of car components from local vendors. MSIL delivers over 150 car variants from 14 models while sourcing 25-30 parts from 2,500-3,000 vendors. It emphasizes strategic vendor relationships, rationalizing vendors from 370 to 100, and locating most within 100 km for just-in-time delivery. The document also outlines MSIL's vendor selection process, methods for rating vendors, and efforts to develop vendors through knowledge sharing.
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The document summarizes the key steps in a typical purchase cycle for projects:
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2) Buyers send tender requests to shortlisted vendors detailing requirements.
3) Vendors submit bids in response to the tender which are evaluated.
4) The preferred vendor is selected based on both technical and commercial evaluations and a purchase order is placed.
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