Project Report on Working Capital Managment

carrying into actions Management Session I - Introduction - Operation Strategy - Competitive Advantage - Time ground Competition By D.G. MehtaB.E., DMS, MMM PPT 1 / 9 [pic] PRODUCTION MANAGEMENT (TRADITIONAL APPROACH) BASIC FUNCTIONAL subroutine (Objectives) 1)Fully utilise man & machine. 2)Low Production greet (Maximum Profit) 3)Production Planning & Control. 4)Control and reward people 5)Wastage Control. DETAIL FUNCTIONS 1) coldm animal Control 2)Scheduling action run 3)Maintenance Programme 4)O & M 5)People estimation & 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 Raos Government sign-language(a) the General Tariffs & Trade Agreement (GATT) with W.T.O. USA. Due to this, Government took the future(a) 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) support Monetary and fiscal policy. 5)Introduction of SEBI and other financial measures.

all(prenominal) above resulted into import of equipment, raw materials, components etc. very hapless prices. Also their features, specification quality etc. are far superior than autochthonous products. Products are readily available with goods overhaul 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 posit for the products. This alignment of production system viz-a-viz realignment of HR Finance market 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... If you want to snuff it a full essay, order it on our website: Orderessay

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