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Long-term
(years)
Aggregate Planning 1. Facility Utilization 2. Personnel needs 3. Subcontracting Master Production Scheduling 1. MRP 2. Disaggregation of master plan Short-term Scheduling 1. Work center loading 2. Job sequencing
Intermediate-term
(6 to 18 months)
Short-term
(weeks)
Very Short-term
(hours days)
HOW???
Capacity Options --change capacity: changing inventory levels varying work force size by hiring or layoffs varying production capacity through overtime or
idle time subcontracting using part-time workers Demand Options --change demand: Influencing demand backordering during high demand periods counterseasonal product mixing
Raw Materials
Works-in-Process
Finished Goods Distribution Inventory Supplies: Maintenance, Repair and Operating (MRO)
OBJECTIVE
WATER RESISTANT UPTO 300 METRES. STAINLESS STEEL. SCRATCH FREE GLASS. STOPWATCH AVAILABLE. LEATHER BELT. BATTERIES OF HIGH QUALITY. STYLISH GIVING COMPETITION TO WATCHES IN INDIAN MARKET.
IDEA GENERATION
ON RESEARCH AND DEVELOPMENT- 15,00,000 EMPLOYEES AND SALESPEOPLE- 3,00,000 IDENTIFYING CUSTOMER NEED- 2,00,000 ANALYSIS OF COMPETITIORS PRODUCTS- 300000 MISCELLANEOUS EXPENSE- 2,00,000 TOTAL- 25,00,000
IDEA SCREENING- 4,00,000 DEMAND FORCASTING TEAM3,00,000 TESTING THE CONCEPT-4,00,000 MISCELLANEOUS EXPENSE1,00,000 TOTAL-12,00,000
BUSINESS ANALYSIS
TEAM COMING UP WITH THE ESTIMATE NUMBER OF UNITS- 10,00,000 TEAM ESTIMATING PROFITABILITY- 5,00,000 TEAM FINDING BREAK EVEN POINT- 5,00,000 TEAM FINDING THE SELLING PRICE- 10,00,000 MISCELLANEOUS EXPENSES- 10,00,000 TOTAL-40,00,000
TECHINICAL IMPLEMENTATION
TECHNICAL EXPERT TEAM- 10,00,000 PRODUCTION- 30,00,000 LOGISTICS- 5,00,000 ON QUALITY MANAGEMENT- 5,00,000 OTHER EXPENSES- 10,00,000 TOTAL-60,00,000
COMMERCIALISATION
LAUNCHING THE WATCH- 25,00,000 ADVERTISEMENTS- 50,00,000 OTHER PROMOTIONAL STRATEGY- 25,00,000 DISTRIBUTION OF THE WATCH-30,00,000 OTHER EXPENSES-20,00,000 TOTAL-1,50,00,000
FURTHER EXPENDITURE OF RS.1,48,00,000 WILL BE INCURRED ON THE FIXED EXPENSES FOR THE STARTING OF THE ORGANISATION ALL THE ABOVE EXPENSES WILL MAKE THE TOTAL BUDGET OF RS.5,10,00,000.
services Production and/or Operations Management are the activities that transform resources into goods and services
Objectives
Our objective is to demonstrate a Production model on a New Product Development
POM
Material req planing
Product
Process
TQM
Layout
Strategies Process focussed Product focussed Efficient use Location selection Job analysis Standard levels Work methods Motivation/incentive system
IDEA SCREENING
PROCESS:
FACTORS:
Job Order.
Cost effective. Defect free.
Degree of automation.
Maintenance. Desired output quantity.
Inputs
Conversion Subsystem
Control Subsystem
Outputs
Product design
What product or service should we offer? How should we design these products and services? Target customer needs & wants.
25
Total Quality Management : The quality of the product should be the prime motive Defect Free by continuous improvement. Using right tools and methods to increase process efficiency.
TECHNICAL IMPLEMENTATION
Inventory & Just In Time There should be sufficient space for raw material and finished product . Near to machine area. Efficient supplier. Effective communication.
Number of repetitions
30
Average
Time
31
Advancement technology.
Coordination and synchronization b/w department. Desired work force skilled and unskilled.
Target achievement
No idle time. Right person to right job.
Maintenance
Regular maintenance Cost efficient Process efficient
Purchase Management fundamental objective of purchase management is to make purchase decision to provide the efficient services with minimum costs.
Types of evaluation
General Through Audit
International production and operations management deals with production of goods and services in international locations and markets. It involves management process which has to take into consideration local production market (labor and capital) and international customer requirements .
The very 1st difference is international business environment where not just economics but also international quality standards have to be maintained.
The 2nd aspect is the international stint makes the company more aware of its surroundings thus making it more competitive.
Culture
Business Environment
Quality Standards Pricing
Technology
Economies of Scale Market Segmentation
Usage of resources
Project Management The application of knowledge, skills, tools, and techniques to project objectives to meet stakeholder needs and expectations. Includes : Planning, Organizing, Securing , Managing , Leading, Controlling resources