Quest- 1 What is Production Management and its objectives? Explain Scope and function of Production Management? Ans:- Production is basically defend as conversion of Inputs into output through transformation process . Input include 5m‚s i.e. man ‚ machinery ‚ money ‚ material methods &output is final goods. [pic] Examples:- Production Management It is process in which performance of management activities are done with regards to selecting designing operating
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might have an impact on the recommendation‚ note these here. Rocky’s accountant has pointed out his declining inventory turnover rate and the resultant growing levels of inventory‚ and how this is causing increases in his short-term debt and interest expenses. She suggested a couple of years ago that Rocky introduce more sophisticated purchasing techniques and a computerized inventory control system. However‚ Rocky has done nothing done yet in these areas -- he likes sports and selling more than
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(a) Inventory build-up diagram: First‚ recognize that the input and output rates changes at 8:30am‚ 9am‚ 9:30am and 10:30am (as well as at the end when all customers are served). • At the beginning (8:30am): There is no customer in the system. So the “inventory” is 0. • Between 8:30am and 9am: Customers arrive at the rate of 30/hr. Customers leave at the rate of 0/hr. Thus the line becomes longer at the rate of 30/hr. Draw a line with the slope of 30/hr in this interval. (Since the inventory was
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Cycle time: Bottleneck| Cycle time = 1/Capacity rate | | Inventory = Throughput Rate x Flow Time | Little’s Law: I = R x T | Inventory Turns (IT) = 1 / Flow time (T) = R / I | BCWS = Budgeted Cost of Work Scheduled BCWC = Budgeted Cost of Work Complete |ACWC = Actual Cost of Work Complete | Cost Variance CV = BCWC – ACWC | Schedule variance SV = BCWC – BCWS | Utilization=Demand /CAPACITY| Inventory Buildup rate IBR|No IBR if no stations limits Throughput rate| Capacity rate = 1 / Cycle
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4.5 TURNOVER RATIO Turnover ratio help in knowing how well the company manages it resources. If the company manages its resources well‚ the larger will be its sales and thus helps in making larger profits. Thus it depends on the company how well it converts the assets to sales which can be determined through this ratio. I. DEBTORS RATIO It represents the number of days required or taken to collect the credit sales which reflects the collection strategy of the company. It measure the
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Drucker‚ P. F. (1992‚ September-October). The new society of organizations. Harvard Business Review‚ 95-104. Encyclopedia of Business‚ 2nd ed.‚ Employee Turnover. Ads by Google. Retrieved December 19‚ 2007. http://www.referenceforbusiness.com/encyclopedia/Eco- Ent/Employee-Turnover.html Fields‚ M Griffeth‚ Peter Hom‚ and Rodger Griffeth. Employee Turnover. Cincinnati: South-Western Publishing‚ 1992. Harris‚ Jim‚ and Joan Brannick. Finding & Keeping Great Employees. New York: AMACOM‚ 1999. Kinnie‚ N
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6N215 Corporate Financial Reporting Professor Doug DeJong Carrefour Group Assignment Introduction Company Overview Carrefour was founded in 1959 in France. Marketing itself as a one-stop-shop providing a wide range of products at a low cost‚ it is now the second largest retailer in the world and the largest in Europe. In 2012‚ the company continued expanding their international footprint by adding an additional 283 retail points in France‚ Europe and Latin America. As of December 31
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TURNOVER IN ORGANIZATIONS TURNOVER IN ORGANIZATIONS 1 TURNOVER 4 INTRODUCTION 4 Significance 5 Literature Review 6 Non-Monetary Incentives Vs. Cash Incentives 7 Internal vs. external turnover 8 Skilled vs. unskilled employees 9 Voluntary vs. involuntary turnover 9 Causes of high or low turnover 9 WHY ptcl? 10 RESEARCH METHODOLOGY: 10 HYPOTHESIS: 10 The reasons for higher rate of turnover 10 CONCLUSION: 15 Suggested Proposals 16 Recruitment and induction 16 Contracts‚ pay and working environment
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Account Receivables Turnover Ratio Analysis 2010 The A/R turnover ratio for 2010 was 14.80‚ which was a monumental increase from 8.45 in 2009. One reason for this increase was due to a conscious effort by Proctor and Gamble to improve collection times for incoming payments. In 2009‚ they incurred too much short-term debt due to the delayed collection of payments for their products and ended up decreasing their A/R account by almost $500 million. Their sales also increased in 2010 due to the expansion
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A STUDY ON LABOUR TURNOVER WITH SPECIAL REFERENCE TO JERSEY KNIT FASHION-TIRUPUR. Submitted by M. JAREENA BEGUM (113AA0402) Under the guidance and supervision of Mrs.P.SHANTHI M.COM.‚M.PHIL.‚ A Dissertation Submitted to the Bharathiar University in partial fulfilment of the Requirements for the award of the degree of MASTER OF COMMERCE DEPARTMENT OF COMMERCE ST. JOSEPH’S COLLEGE FOR WOMEN (Affiliated to Bharathiar University) Kangeyam Road‚ Tirupur-641 604
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