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Management In A Manufacturing Company
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This indicates that orders for hydrate time should be placed once in every 17 working days.
The optimal time between orders for Acciducant
N=16
T= 260/156 = 16.2
This is essence means that orders for accuiducant should be placed once in every 16 working days.
4.5 Calculation of optimal number of units of production runs for the company’s product
The optimal number of units per production run of the selected products of the company can be calculated using the formular.
The optimal number of wilts per production run of the selected products of the company can be calculated using the formular.
When A = animal requirement or sales S= setup cost per set up or production run, H carming cost expressed as Percentage of average inventory of finished products.
P = production rate in carton day
C = cost value of each carron
D = usage rate (sales rate) in unit per day
NB Negative signs in calculation disregarded section 4 investigation revealed that
1. Seven up bolting company, Ilorin plant does not keep any record relating to calculation of set up cost and carrying cost
2. The company’s production, process is continuous except when there is a major machine breakdown.
3. In conjunction with cost account, inventory cost of finished products was estimated at 15% of average inventory of the finished products.
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ABSRACT - [ Total Page(s): 1 ]WILL COME HERE SOON ... Continue reading---
LIST OF TABLES - [ Total Page(s): 1 ]LIST OF TABLE AND FIGURESFigure: 3.2. Corporate organization structure Table: 4.2 Material purchase and inventory cost for the year 2009 Table: 4.6 Production schedule and finished products inventory cost for the year 2009 ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTTitle page Certification Dedication Acknowledgment Table of contents List of table CHAPTER ONE1.1 Background of the study 1.2 Statement of research 1.3 Research objectives 1.4 Research question 1.5 Justification of study 1.6 Scope of the study 1.7 Historical background of the case study 1.8 Definitions of terms CHAPTER TWO LITERATURE REVIEW2.1 Concept of material management ... Continue reading---
CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONEINTRODUCTION1.1 Background to the StudyAs a manager in a manufacturing company. It a more necessary than ever to improve tire overall productivity of lire operation ‘while such improvement requires an integrated dint involving all functional areas of the facility specific actions are requited within each functional area one of the functional areas in a manufacturing operation that is critical in the overall productivity of the company is material management The material ma ... Continue reading---
CHAPTER TWO - [ Total Page(s): 6 ]Price nut Carter (2005) further stressed that the stock controls system is responsible for the correct establishment of stock levels for every item held in the store when these levels are being established certain basic operational factors have to be considered and then reflected in the final stock figure. These as follows:i. Storage capacity: This is the amount that can be held will be restricted by the actual physical capacity of the stores. Operation in sonar cases where a special store ... Continue reading---
CHAPTER THREE - [ Total Page(s): 3 ]CHAPTER THREERESEARCH METHODOLOGY3.1 IntroductionThis chapter makes an attempt to present the general procedure needed to carryout this study. It includes brief description of some key pots of this research such as the brief history of the company (Seven up Bottling Plc. Ilorin plant), population, sample, method of data collection and sampling techniques.3.2 Corporate Organization StructureF.C Financial controverE.S.M Engineering Service ManagerC.O.O Chief opera ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVE SUMMARY OF FINDINGS CONCLUSIONS AND RECOMMENDATIONS5. 1 Summary of Findings Material management has been defined as the total of all those tasks, function activities and routines which concerns the transfer of external materials and service into the organization and the administration of the same until they are consumed or used in the process of production operation or sales. After the analysis and interpretation in chapter four, evidence has s ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESMenlizer, W Keebler (2001) Business journal logistics Page 1-26,Bailey, and Farmer (2006) Purchasing principle and management 9th EditionTrans-Altantic publication onlineTooley, D.F (2001) Production control system and record 2nd Edition: London Gower pressRogger (2004) Management 3 Edition London, M&E handbook series, pitman.Orleckey J. (2000) Material requirement planning New York Mc Graw4lill on lineLyson (2006) Purchasing and supply chain. 7th Edition prentice hall onlineLancastcr. ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]WILL COME HERE SOON ... Continue reading---