Operations management is a field that can sometimes be misunderstood because of its multidisciplinary nature. However, its functions form the lynchpin of businesses the world over and success can often rest squarely on its shoulders. The MBA in operations management is a common specialization among leading business schools worldwide..Then,ilife academy is the best place for your MBA project.
Every enterprise needs inventory for smooth running of its activities. Inventory serves as a link between production and distribution processes. There is, generally a time lag between the recognition of a need and its fulfillment. The greater the time lag, the higher the requirements for inventory. The unforeseen fluctuations in demand and supply of goods also necessitate the need for inventory. Simply inventory means, the value of a firm’s current assets including raw materials and work in progress and finished goods. Inventories constitutes the most significant part of current assets of a large majority of companies in India. On an average, inventories are approximately 60 percent of current assets in public limited companies in India. Because of the large size of inventories maintained by firms a considerable amount of funds are required to be committed to them. It is therefore, absolutely imperative to manage inventories efficiently and effectively in order to avoid unnecessary investment.
TQM is a management approach of an organization, centered on quality, based on the participation of all its members and aiming at long-term success through customer satisfaction, and benefits to all members of the organization and to society. TQM is not non-dimensional approach but is multifaceted in nature. Understanding these facets is essential to promote a successful quality improvement program. An integrated approach on all vital components of TQM is required to achieve the desired goal
The main purpose of the project is to understand the whole concept of Project financing, and its methods and needs of project financing in the form of different committee recommendation and methods. To know the needs and methods of project financing for term loan and working capital loan in small- scale industry as well as large-scale industry and various guidelines issued by the RBI for banking sector for Project finance.
The concept of Process management being assimilated in phases has been around for over 20 years. The framework used in this thesis was originally put forth and later modified or adapted by Rogers. While trends and current technology in process management have been identified in the literature, the literature still begs the question of whether or not firms have a successful method in assimilating new process management technology and what are some of the effects of technology, especially in the Indian context. This project provides a solid methodological foundation upon which to base research on the assimilation of Process management into a manufacturing management organization.
The basic function of material handling and storage system includes inventory control, bill of material processing and elementary scheduling. Material handling helps organizations to maintain low inventory levels. It is used to plan manufacturing, purchasing and delivering activities. Companies need to control the types and quantities of materials they purchase, plan which products are to be produced and in what quantities and ensure that they are able to meet current and future customer demand, all at the lowest possible cost. Making a bad decision in any of these areas will make the company lose money.
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