The document discusses various topics related to production and operation management including problems in measuring productivity, production, operation management, operation management system, product development process, product analysis, control and performance, inventory/purchase control, maintenance control, quality control, and cost control. Key aspects covered include defining production, operation management, objectives of operation management systems, steps in the product development process, factors influencing product analysis, importance of inventory control, economic order quantity, just-in-time, steps in quality control processes, contents and advantages/limitations of financial statements, and calculating rate of investment.
These slides present the directing portion of Principles of Management which includes system & process control, budgetary & non - budgetary control techniques, uses of computers and information techniques, control & performance and reporting
These slides present the directing portion of Principles of Management which includes foundations, motivational theories, motivational techniques, leadership styles & theories, communication and barriers of communication
Topics :
System and process of controlling
Budgetary and non-budgetary control techniques
Use of computers and IT in Management control
Productivity problems and management
Control and performance
Direct and preventive control
Reporting
These slides present the directing portion of Principles of Management which includes system & process control, budgetary & non - budgetary control techniques, uses of computers and information techniques, control & performance and reporting
These slides present the directing portion of Principles of Management which includes foundations, motivational theories, motivational techniques, leadership styles & theories, communication and barriers of communication
Topics :
System and process of controlling
Budgetary and non-budgetary control techniques
Use of computers and IT in Management control
Productivity problems and management
Control and performance
Direct and preventive control
Reporting
Process of controlling has four steps.
1. Establishment of standards
2.Measurement of performance
3 Comparison of actual and standard performance
4. Taking remedial actions
Foundations of individual and group behaviour
Motivation
Motivation theories
Motivational techniques
Job satisfaction
Job enrichment
Leadership
Types and theories of leadership
Communication
Process of communication
Barrier in communication
Effective communication
Communication and IT.
This upload presents the Planning part in Principles of Management that includes nature & purpose of planning, types of planning, management by objectives, policies and planning premises, strategic management, planning tools and techniques, decision making steps
method study is the branch of an industrial Engg. specially the sub branch of mechanical engg.
those who r the college students of engg. specially mechamnical 8mechanical can download this .it is very helpful for presentation purpose
What is Controlling, Importance, Limitations & Features of Controlling, The Basic Control Process, Characteristics of effective control system, Dimensions of Control, What is Benchmarking, Control as a Feedback System, Feedforward Control, Comparison of Simple Feedback and Feedforward Systems, Requirements for Feedforward Control, CONTROL OF OVERALL PERFORMANCE, PROFIT AND LOSS CONTROL, What is Budgeting?, Productivity, Operations Management, and Total Quality Management, Steps in Product and Production Design, Operations Research, Value Engineering, Mass Production Versus Lean Production Managerial Practices
Control is the last function of management. Success or failure of planning depends on the success or failure of controlling.
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Process of controlling has four steps.
1. Establishment of standards
2.Measurement of performance
3 Comparison of actual and standard performance
4. Taking remedial actions
Foundations of individual and group behaviour
Motivation
Motivation theories
Motivational techniques
Job satisfaction
Job enrichment
Leadership
Types and theories of leadership
Communication
Process of communication
Barrier in communication
Effective communication
Communication and IT.
This upload presents the Planning part in Principles of Management that includes nature & purpose of planning, types of planning, management by objectives, policies and planning premises, strategic management, planning tools and techniques, decision making steps
method study is the branch of an industrial Engg. specially the sub branch of mechanical engg.
those who r the college students of engg. specially mechamnical 8mechanical can download this .it is very helpful for presentation purpose
What is Controlling, Importance, Limitations & Features of Controlling, The Basic Control Process, Characteristics of effective control system, Dimensions of Control, What is Benchmarking, Control as a Feedback System, Feedforward Control, Comparison of Simple Feedback and Feedforward Systems, Requirements for Feedforward Control, CONTROL OF OVERALL PERFORMANCE, PROFIT AND LOSS CONTROL, What is Budgeting?, Productivity, Operations Management, and Total Quality Management, Steps in Product and Production Design, Operations Research, Value Engineering, Mass Production Versus Lean Production Managerial Practices
Control is the last function of management. Success or failure of planning depends on the success or failure of controlling.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
I am uploading this GMP presentation to make aware who are working in pharma and help to maintain high standards in products manufacturing .
GMP Vs cGMP: It is my understanding that , Ultimately GMP & cGMP both the aim is same, means to prevention of the product from bad quality entering the market to endover peoples's life.
GMP applies to pharmaceutical and healthcare products and help to maintain high standards in these products.
cGMP is to remind accepting countries that all guidelines must be followed with latest and current production processes i.e employ technologies and systems which are up-to-date in order to comply with the regulation.
FDA (Food and Drug Administration) included the word “current” to ensure that regulated firms use the most current Good Manufacturing Practices (I believe that some firms would actually use outdated versions of the GMP’s to manufacture regulated products.
(the FDA have made their standards immediately identifiable i.e cGMP; Other international bodies such as the ICH, WHO use the term GMP, as do Canada, Japan and the EMEA (European authority). In FDA view cGMP means following 21 CFR 210 and 211 and no other.)
Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
Product Management- Inventroy Management and Controls.pptxRAHUL PAL
In manufacturing operations, production management includes responsibility for product and process design, planning and control issues involving capacity and quality, and organization and supervision of the workforce.
Production management aims to monitor and improve the efficiency of activities, materials, staff resources, and budgets to produce goods. Production outcomes vary according to the industry. A production manager ensures that manufacturing stays on schedule, within budget, and achieves the desired output goals.
Product Management: Inventory Management and Controls.pdfPrachi Pandey
Product management in the pharmaceutical industry plays a vital role in all 4 phases of the product life cycle. It is responsible for the top line (gross revenue generation) along with the sales team and bottom line (EBITA which is revenue before interest, taxes, depreciation, and amortization) targets of a pharmaceutical organization.
The presentation is about various methods used for teaching learning process with more specific to engineering education. It also deals about concepts of OBE, methods adopted, and outcomes of methods adopted. The importance of innovative practices in engineering education is discussed in the presentation.
The presentation describes the complete energy scenario of World and India as of 2020. It also describes the prime energy sources that the entire world depends on.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
The Team Member and Guest Experience - Lead and Take Care of your restaurant team. They are the people closest to and delivering Hospitality to your paying Guests!
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Oprah Winfrey: A Leader in Media, Philanthropy, and Empowerment | CIO Women M...CIOWomenMagazine
This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
https://qidiantiku.com/solution-manual-for-modern-database-management-12th-global-edition-by-hoffer.shtml
name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
author:by Hoffer
ISBN:ISBN 10: 0133544613 / ISBN 13: 9780133544619
type:solution manual
format:word/zip
All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
2. PROBLEMS IN MEASUREMENT OF PRODUCTIVITY:
Greater proportion (ratio of output to input).
Growing affluence (relaxation in job) of people.
Personal reasons.
Government policies and regulation.
Labour skills.
R.ArunKumar,AP/Mech,RIT
3. PRODUCTION AND OPERATION MANAGEMENT:
PRODUCTION:
Production is defined as step by step conversion of raw
materials into finished products through a sequence of
process.
R.ArunKumar,AP/Mech,RIT
4. PRODUCTION AND OPERATION MANAGEMENT:
OPERATION MANAGEMENT:
Operation management is defined as activities necessary to
produce and deliver a service or physical activities.
R.ArunKumar,AP/Mech,RIT
5. PRODUCTION AND OPERATION MANAGEMENT:
OPERATION MANAGEMENT SYSTEM:
Environment
Input Process Output
Feedback
Objectives:
Right quality and quantity of product.
Low manufacturing cost.
Scheduled maintenance.
R.ArunKumar,AP/Mech,RIT
6. PRODUCT DEVELOPMENT:
Product development is defined as up gradation of present
product quality and quantity, by improving the process,
technology, skills, etc.
R.ArunKumar,AP/Mech,RIT
7. PRODUCT DEVELOPMENT PROCESS:
1. Create ideas:
Ideas will be generated by imitation, adaptation, R&D and
other sources.
R.ArunKumar,AP/Mech,RIT
8. PRODUCT DEVELOPMENT PROCESS:
2. Screening the alternatives:
Various ideas will be collected, analyzed and filtered to come up
with preferable alternative (product).
R.ArunKumar,AP/Mech,RIT
9. PRODUCT DEVELOPMENT PROCESS:
3. Preparation of preliminary design:
After selecting a specific product, preliminary designs are
performed with aid of financial and other resources.
R.ArunKumar,AP/Mech,RIT
10. PRODUCT DEVELOPMENT PROCESS:
4. Process selection:
Management will optimize the preferable process.
R.ArunKumar,AP/Mech,RIT
12. PRODUCT ANALYSIS:
The factors influence the product analysis are:
1. Marketing
2. Economical
3. Production
4. Government policy
5. Technology
R.ArunKumar,AP/Mech,RIT
13. PRODUCT ANALYSIS:
1. Marketing analysis:
In marketing analysis, an organization must focus on factors like
customer acceptance, competitor, advertising, demand for
the product, distribution channel.
R.ArunKumar,AP/Mech,RIT
14. PRODUCT ANALYSIS:
2. Economical analysis:
In economic analysis, the factors to be considered are, profit
margin, volume of sales, investment analysis and pricing
policy.
R.ArunKumar,AP/Mech,RIT
15. PRODUCT ANALYSIS:
3. Production analysis:
Includes analysis of suitable process, sequence of operation
and application of new methodology.
R.ArunKumar,AP/Mech,RIT
17. CONTROL AND PERFORMANCE:
In order to exhibit better performance, an organization must focus
on various aspects of control.
e.g.: Likert analysis.
R.ArunKumar,AP/Mech,RIT
18. 1. INVENTORY / PURCHASE CONTROL:
Inventory is defined as process in which goods and stocks are held
for a specific time period in an unproductive state.
Inventory control deals handling of stock.
R.ArunKumar,AP/Mech,RIT
19. 1. INVENTORY / PURCHASE CONTROL:
Importance of inventory control:
Proper resource utilization
Helps in minimizing loss
Economically benefit in purchasing
Improves coordination among departments.
Better customer satisfaction.
R.ArunKumar,AP/Mech,RIT
20. 1. INVENTORY / PURCHASE CONTROL:
Inventory costs:
a) Item cost:
Deals the purchase price of raw materials.
R.ArunKumar,AP/Mech,RIT
21. 1. INVENTORY / PURCHASE CONTROL:
Inventory costs:
b) Ordering cost:
Cost associated with transportation and quality check.
R.ArunKumar,AP/Mech,RIT
22. 1. INVENTORY / PURCHASE CONTROL:
Inventory costs:
c) Holding cost:
Includes holding cost of inventory (inventory storage)
R.ArunKumar,AP/Mech,RIT
23. 1. INVENTORY / PURCHASE CONTROL:
Inventory costs:
d) Shortage cost:
Includes the cost associated when shortage in stock occurs.
R.ArunKumar,AP/Mech,RIT
24. 1. INVENTORY / PURCHASE CONTROL:
Inventory costs:
e) Fixed overhead cost:
Include the investment cost.
R.ArunKumar,AP/Mech,RIT
25. 1. INVENTORY / PURCHASE CONTROL:
Effective inventory control system:
Should provide a proper check against loss.
Better identification.
Well equipped ware house.
A proper record maintenance.
Waste elimination.
Optimized storage.
Should deploy qualified human resource.
R.ArunKumar,AP/Mech,RIT
26. 1. INVENTORY / PURCHASE CONTROL:
Economic order quantity (EOQ):
EOQ = ⌡[(2DS)/C]
where, D = demand per year
S = ordering cost
C = annual carrying cost
R.ArunKumar,AP/Mech,RIT
27. 1. INVENTORY / PURCHASE CONTROL:
Just in Time (JIT):
It is also called as zero inventory and stockless production.
Supplier delivers the materials to the customer just in time to be
assembled.
Inventory requirement is very less in JIT.
R.ArunKumar,AP/Mech,RIT
28. 1. INVENTORY / PURCHASE CONTROL:
Essentials of Just in Time (JIT):
Trained and skilled work force.
Smooth relationship with suppliers.
Location of the supplier must be close.
Effective maintenance.
Reduction in batch size.
R.ArunKumar,AP/Mech,RIT
29. 1. INVENTORY / PURCHASE CONTROL:
Advantages of Just in Time (JIT):
Inventory cost is reduced.
Leads to job satisfaction.
Better balancing of machines.
Quality product.
Eliminates wastes.
R.ArunKumar,AP/Mech,RIT
30. 1. INVENTORY / PURCHASE CONTROL:
Disadvantages of Just in Time (JIT):
Failure in machineries leads to failure in delivery.
Unskilled employees affects the process.
Receiver must completely rely on supplier.
R.ArunKumar,AP/Mech,RIT
32. 2. MAINTENANCE CONTROL:
Maintenance control is defined as the process of proper
execution of pre – determined maintenance function in
proposed budget.
R.ArunKumar,AP/Mech,RIT
33. 2. MAINTENANCE CONTROL:
For an effective maintenance control, maintenance department
must focus on following measures:
i) Cost information
ii) Monthly review
iii) Proper handling
iv) Failure detection
v) Reduction in overhead expenditures
R.ArunKumar,AP/Mech,RIT
34. 2. MAINTENANCE CONTROL:
i) Cost information:
Line supervisors must be explained about the material and
machinery cost.
R.ArunKumar,AP/Mech,RIT
35. 2. MAINTENANCE CONTROL:
ii) Monthly review:
Head of the department can review the expenditure details
against proposed budget through monthly meeting.
Some budgetary provisions must be provided to meet out
unforeseen exigencies.
R.ArunKumar,AP/Mech,RIT
36. 2. MAINTENANCE CONTROL:
iii) Proper handling:
Better handling of machines reduce the frequency of repair
leading to effective maintenance control.
R.ArunKumar,AP/Mech,RIT
37. 2. MAINTENANCE CONTROL:
iv) Failure detection:
Carrying out scheduled maintenance can eliminate total failure
of the machinery.
R.ArunKumar,AP/Mech,RIT
38. 2. MAINTENANCE CONTROL:
v) Reduction in overhead expenditure:
Head of the department can have a discussion with concern
personnel, which may help in reducing the operational cost.
R.ArunKumar,AP/Mech,RIT
39. 3. QUALITY CONTROL:
Quality control refers to the technical process that gathers,
analyze and report the progress of the work and conformance
against the requirements.
R.ArunKumar,AP/Mech,RIT
40. 3. QUALITY CONTROL:
Steps in quality control process:
1. Identifying the parameter to be controlled.
R.ArunKumar,AP/Mech,RIT
41. 3. QUALITY CONTROL:
Steps in quality control process:
2. Analyze the risk factor and time to be controlled (before or after).
R.ArunKumar,AP/Mech,RIT
42. 3. QUALITY CONTROL:
Steps in quality control process:
3. Establish the specification / limits for the parameter to be
controlled.
R.ArunKumar,AP/Mech,RIT
43. 3. QUALITY CONTROL:
Steps in quality control process:
4. Frame the plans and methods for control.
R.ArunKumar,AP/Mech,RIT
44. 3. QUALITY CONTROL:
Steps in quality control process:
5. Organize resources to implement the plans.
R.ArunKumar,AP/Mech,RIT
45. 3. QUALITY CONTROL:
Steps in quality control process:
6. Monitor the process.
R.ArunKumar,AP/Mech,RIT
46. 3. QUALITY CONTROL:
Steps in quality control process:
7. Collect the data and analyze with standards.
R.ArunKumar,AP/Mech,RIT
47. 3. QUALITY CONTROL:
Steps in quality control process:
8. Verify and diagnose the cause of variation.
R.ArunKumar,AP/Mech,RIT
48. 3. QUALITY CONTROL:
Steps in quality control process:
9. Corrective actions.
R.ArunKumar,AP/Mech,RIT
52. 4. COST CONTROL:
Steps in cost control process:
3. Corrective measures:
R.ArunKumar,AP/Mech,RIT
53. 4. COST CONTROL:
Financial statements:
Reflects the company’s financial health for a given period of
time.
e.g.: SEBI, government budget
R.ArunKumar,AP/Mech,RIT
54. 4. COST CONTROL:
Advantages of financial statements:
Helps the management to analyze , frame future budgets.
Helps the share holders to know the financial ability of an
organization .
R.ArunKumar,AP/Mech,RIT
55. 4. COST CONTROL:
Limitations of financial statements:
Approximate data.
Change in asset value.
Change in currency value.
R.ArunKumar,AP/Mech,RIT
56. 4. COST CONTROL:
Contents of financial statements:
i) Income statement:
Income statement include the revenue, expenditure, profit and
loss of the organization.
Helps in analyzing the business progress.
R.ArunKumar,AP/Mech,RIT
57. 4. COST CONTROL:
Contents of financial statements:
ii) Balance sheet:
Balance sheet includes the organization’s assets, stockholder’s
equity and legal liabilities.
It is also defined as the statement showing the sources and
application of capital.
R.ArunKumar,AP/Mech,RIT
58. 4. COST CONTROL:
Contents of financial statements:
ii) Balance sheet:
Balance sheet shows the clear idea of financial position of an
organization.
Reflects the result of all recorded accounting transaction
since the beginning of an organization.
R.ArunKumar,AP/Mech,RIT
59. 4. COST CONTROL:
Contents of financial statements:
iii) Cash flow statement:
It includes all the cash transaction of an organization during
given period of time.
It analyzes the source and uses of cash in the company.
R.ArunKumar,AP/Mech,RIT
60. 4. COST CONTROL:
Contents of financial statements:
iii) Cash flow statement:
Helps in analyzing the cash position of the organization.
R.ArunKumar,AP/Mech,RIT
61. 4. COST CONTROL:
Rate of investment (ROI):
The objective of ROI is to obtain a satisfactory return on
capital investment.
ROI can be calculated by:
1. Investment turnover = (Sales / Capital investment)
2. Percentage of profit on sales = (Profit / sales) * 100
3. Return on capital investment = (Profit / Capital) * 100
R.ArunKumar,AP/Mech,RIT
62. 4. COST CONTROL:
Rate of investment (ROI):
Advantages:
Shows business efficiency.
Used for better comparison.
Helps the management in decision making.
Limitations:
In ROI, factors such as inventory valuation, depreciation cannot
be considered.
R.ArunKumar,AP/Mech,RIT