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Showing posts with the label Production Planning

Explain the Importance of Quality Control

Importance of Quality Control Briefly listed below is the significance or importance of quality control.Image credits © Prof. Mudit Katyani.Detects Quality Deviation: Quality Control helps to find out quality deviation from the established standard. A proper system of it ensures a standard quality of production. Acceptance by Customers: The customers readily accept goods of standard quality. Good

Managerial Steps to Improve Product Quality

Steps to improve product quality Quality is not a result of some random process. It does not happen on it own. It is an outcome of some appropriately controlled procedure or steps. Managers have a great responsibility to produce good quality products. They must establish a quality framework in the entire organisation. They must take following steps to improve product quality.Image credits © Prof.

What is Product Quality? Definition Meaning Importance

Definition of Product Quality Before we proceed to understand, “what is product quality?” First, let's focus on the definition of quality.It is not easy to define the word Quality since it is perceived differently by the different set of individuals. If experts are asked to define quality, they may give varied responses depending on their individual preferences. These may be similar to following

Ten Main Factors Affecting Plant Location

Factors Affecting Plant Location Plant location must be selected properly by entrepreneurs while planning to set up their business units. While taking such a decision, they must consider some important factors.The following image depicts important factors affecting a plant location.Image credits © Prof. Mudit Katyani.The ten main factors that affect a plant location are as follows:Law and order

Internal and External Factors Affecting Scheduling

Factors Affecting Scheduling The following chart depicts various factors affecting scheduling.The factors that affect scheduling are grouped into two categories viz;Internal factors : Affect an entity (e.g. a company) from within. External factors : Influence an entity (e.g. an organisation) from outside. Factors affecting scheduling internally are:Stock of finished goods kept by company.

What is Scheduling? Definition Meaning

What is Scheduling? Definition The definition of scheduling as quoted by eminent scholars are as follows:Image credits © Prof. Mudit Katyani.1. According to Richard Lansburgh and William Spriegel,“Scheduling involves establishing the amount, of work to be done and the time each element of the work will start, or the order of work. This includes allocating the quality and rate of output of the

Difficulties or Problems in Measuring Productivity

Problems in measuring productivity Following image lists main difficulties or problems in measuring productivity.Image credits © Prof. Mudit Katyani.Important challenges or difficulties in measuring productivity:Difficulty in measuring output, Difficulty in measuring inputs, Factorial productivity, Changing prices of inputs and outputs, Intangible output of service sector, Comparison of

Nine Main Benefits of Higher Productivity

Benefits of higher productivity The following image depicts a list of nine benefits of higher productivity.Image credits © Prof. Mudit Katyani.The nine main benefits of higher productivity are:Higher profit, Employees welfare, Better return Nice relations, Customer satisfaction, Good credit rating, Goodwill, Better credit terms, and Low turnover. Now let's discuss briefly these important benefits

Explain Need or Importance of Location Planning

Importance of location planning Location planning decisions are very important for all types of business units. This is because it affects the cost, selling price, and demand of the product. It is a non-recurring heavy expenditure. Large companies take the help of different professionals like lawyers, accountants, environmentalist, etc. for selecting the proper location of plant.Following image

Eight Important Factors that Affect Productivity

Factors that affect productivity The following chart shows eight factors that affect productivity.Image credits © Prof. Mudit Katyani.The eight main factors that affect productivity are:Technical factors, Production factors, Organizational factor, Personnel factors, Finance factors, Management factors, Government factors, and Location factors. Now let's discuss briefly above listed important

Difference Between Intermittent & Continuous Production System

Difference between Intermittent and Continuous Production System Difference between intermittent and continuous production system; based on 10 points.Image credits © Prof. Mudit Katyani. Nature of product. Flexibility of process. Scale of production. Per unit cost. Range of products. Instructions. Staff. Storage of final products. Location change. Capital invested. Now let's distinguish

Steps Procedure of Routing in Production

Steps or Procedure of Routing in Production Following image depicts main steps or procedure of routing in production.Following important steps are involved in the procedure of routing: Product analysis determines what to manufacture and purchase. Product-analysis is done again to determine materials required for production. Fix the manufacturing operations and their sequences. Decide the number

Stages Steps in Production Planning and Control

Steps in Production Planning and Control According to the British Standards Institute, there are four stages, steps, techniques or essentials in the process of production planning and control.The four stages or steps in production planning and control are: Routing, Scheduling, Dispatching, and Follow-up. Initial two steps i.e. Routing and Scheduling, relate to production planning.Last two steps

Functions of Production Planning and Control - Importance

Functions of Production Planning and Control Functions of production planning and control are listed and explained below.The importance or functions of production planning and control: Utilizes resources effectively. Makes flow of production steady. Estimates production resources. Maintains necessary stock levels. Coordinates departmental activities. Minimizes wastage of resources. Improves

Relationship Between Production Planning and Control

Relationship Between Production Planning and Control Production planning and control are closely related to one another. They go hand in hand and are supplementary in character.Ten points explain the relationship between production planning and control:Image credits © Prof. Mudit Katyani. Meaning. Goals. Course of action. Work performance. Operations. Resources. Directions. Weaknesses. Let's

What is Productivity? Definition Meaning

Definition of Productivity The definition of productivity according to management expert Peter Drucker.“Productivity means the balance between all factors of production that will give the greatest output for the smallest effort.”Productivity is expressed or measured as a mathematical division of two important parameters (functions) viz., output and input.The concept of productivity is depicted in

Guidelines for Determining Performance Dimensions

Guidelines for determining performance dimensions Guidelines for determining performance dimensions are depicted below.The dimensions of performance must be as follows:Performance dimensions (Quantity & Quality) must be fixed in advance. Dimensions must be clearly defined and easily understood by employees. They must be consistent with the image or goodwill of the company. Quality standards must

Classification of Performance Dimensions - Quantity Quality

Classification of Performance Dimensions A dimension is a measurable extent of any kind. It is usually measured in terms of various extends like shape, size, quality and quantity.The performance dimensions can be classified into following:Quantity - which is the primary dimension of performance. Quality - which is the secondary dimension of performance.Image below depicts this classification of

Advantages and Disadvantages of Work Sampling Method

Advantages of Work Sampling The benefits or advantages of work sampling method are as follows:Image credits © Prof. Mudit Katyani.Work sampling gives an unbiased result since workmen are not under close observation. A work sampling study may be interrupted at any time without affecting the results. Work sampling can be conducted by anyone with limited training. There is no need to have experts.

Work Measurement Techniques Methods Types

Work Measurement Techniques Image depicts different work measurement techniques, methods or types.Work measurement techniques are listed below:Historical data method - It uses the past performance data to set performance standards. Time study - It uses stop watch and is best suited for short-cycle repetitive jobs. Work sampling - Here, workers are observed many times at random. Synthesis method