Project Report on Working Capital Managment

Satisfactory Essays
Operations Management

Session I

- Introduction - Operation Strategy - Competitive Advantage - Time Based Competition

By
D.G. Mehta B.E., DMS, MMM

PPT 1 / 9

[pic]

PRODUCTION MANAGEMENT (TRADITIONAL APPROACH)

BASIC FUNCTIONAL ROLE (Objectives)

1) Fully utilise man & machine.

2) Low Production Cost (Maximum Profit)

3) Production Planning & Control.

4) Control and reward people

5) Wastage Control.

DETAIL FUNCTIONS

1) Inventory Control
2) Scheduling production run
3) Maintenance Programme
4) O & M
5) People Assessment & Award
6) Plant Layout
7) Locations

PPT 3/9

[pic]

REASONS OF NEW APPROACH
(Shift from Production Management to Operation Management)

In 1993, Prime Minister Narasim Rao’s Government signed the General Tariffs & Trade Agreement (GATT) with W.T.O. USA.

Due to this, Government took the following measures for liberalisation of Industry in our country.

1) Heavy Reduction in Import Duty.
2) Foreign Equity Participation.
3) Elimination of Industrial Licensing System.
4) Encouraging Monetary and fiscal policy.
5) Introduction of SEBI and other financial measures.

All above resulted into import of equipment, raw materials, components etc. very low prices. Also their features, specification quality etc. are far superior than indigenous products. Products are readily available with goods service back up.

Above has totally changed the business environment of the Country. This has compelled indigenous manufacturer for quick changing of products with very low prices as well as competitive quality. Hence the traditional production system was required to be re-oriented to fast moving demand for the products. This alignment of production system viz-a-viz realignment of HR Finance Marketing is called operation management.

PPT 5/9

Strategies of Operation

Due to the total change in the environment manufactures were required to compete the good products with low

You May Also Find These Documents Helpful

  • Powerful Essays

    Working Capital Managment

    • 1779 Words
    • 8 Pages

    Management Of Working Capital Introduction Working Capital-Definition Working Capital is the cash needed to pay for the day to day operation of the business. Along with long term investments , business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash, inventories, debtors etc., is called ‘Short-term Funds’ or ‘Working Capital’. Hence, the management of Working Capital is very important…

    • 1779 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    PREFACE A Summer Training Project is the integral requirement of our Academic Session and curriculum. A project works requires a lot of hard works, labors, initiatives, practices and proper guidance and direction. so it is quiet necessary to take assistance from different quarters and departments. During the training period a student learns the practical approach of their theoretical knowledge. Actually a PROJECT is the summarized form Of seven activities. They are-…

    • 8130 Words
    • 36 Pages
    Satisfactory Essays
  • Good Essays

    DECLARATION This is to certify that the project titled “Project Appraisal for working capital and term loan financing” is a bonafide work done by Mr. Nishit Chhabra, enrollment no : 09BSHYD0531, in partial fulfillment of the requirements of MBA program and submitted to IBS, Hyderabad. I also declare that the project is a result of my own efforts and that has not been copied from anyone. This work was not submitted earlier to any other university or institute for the award of the degree. Nishit…

    • 12647 Words
    • 51 Pages
    Good Essays
  • Good Essays

    Working capital management : I t involves managing the relationship between a firm's short-term assets and its short-term liabilities. The goal of Working capital management is to ensure that the firm is able to continue its operations and that it has sufficient cash flow to satisfy both maturing short-term debt and upcoming operational expenses. Management of working capital Guided by the above criteria, management will use a combination of policies and techniques for the management of working…

    • 6498 Words
    • 26 Pages
    Good Essays
  • Powerful Essays

    Project Managment

    • 13326 Words
    • 54 Pages

    The Construction Project Manager ©Copyright 1996, 1999, 2007 By Robert J. Shaker Table Of Contents Defining Organizational Structure .................................................................................................. 2 Duties of the Project Manager ......................................................................................................... 3 The Objectives of the Project Manager ................................................................................…

    • 13326 Words
    • 54 Pages
    Powerful Essays
  • Better Essays

    working capital

    • 1495 Words
    • 6 Pages

    A PROJECT REPORT ON ‘WORKING CAPITAL MANAGEMENT’ IN ‘BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD’ FOR THE PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (2009-11) From SUBMITTED TO: SUBMITTED BY: MRS. PUSHPA KATARIA KUSUM LATA ASWAL ENROL NO- 0901120059 ICFAI UNIVERSITY ,DEHRADUN ACKNOWLEDGEMENT It is not a single man’s effort which is sufficient for…

    • 1495 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Project Managment

    • 2867 Words
    • 12 Pages

    Chapter 1 1. Why is there a new or renewed interest in the field of project management? Project management has a high level of importance in running a good business because it allows one person or a team of managers to provide structure and aims in order to succeed in their project. Timing is everything in business, especially when you need to make a product. Some experience very tight deadlines so a project manager must distribute tasks to their team and calculate how much time they have to complete…

    • 2867 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    working capital

    • 419 Words
    • 3 Pages

    A STUDY ON WORKING CAPITAL MANAGEMENT IN TIRUMALA MILK PRODUCTS PVT.LTD A Project report submitted to the Department of Commerce and Business Administration, JNTU, KAKINADA. In partial fulfillment for the award of degree of MASTER OF BUSINESS ADMINISTRATION By CH.SESHAGIRI (Regd.No: 12JK1E0014) Under the guidance of Mr.Sk.Irshad (HOD)M.B.A., M.com.,( Ph.D.,) GUNTUR ENGINEERING COLLEGE,YANAMADALA(Affiliated to JNTU KAKINADA…

    • 419 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Working Capital

    • 6509 Words
    • 27 Pages

    INTRODUCTION WORKING CAPITAL MANAGEMENT 1. Introduction 2. Need of working capital 3. Gross working capital 4. Net working capital 5. Determinants of working capital Working capital management Working capital management is concerned with the problems arise in attempting to manage the current assets,the current liabilities and the inter relationship that exist between them. The term current assets refers to those assets which inordinary course of business can be,or…

    • 6509 Words
    • 27 Pages
    Good Essays
  • Powerful Essays

    Working Capital

    • 7821 Words
    • 32 Pages

    semester BBA programmed, would, like to ascribe to my success in completing my summer project’ “Working Capital” to Mrs. Leena dixit & Preeti dixit (Project guide) and to my project supervisor Mr.Neeraj joshi who have extended their sincere help in accomplishing my project. I really want to thank the above mentioned persons for their continuous support & guidance during the project, with out their help my project would have been a distant dream.…

    • 7821 Words
    • 32 Pages
    Powerful Essays