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Advantages & Disadvantages of Facility Layout – Expertise Guide

07/09/202407/09/2024 Study Notes Expert No Comments

The literal meaning of “layout” is to arrange various things in a planned manner. In the context of the facility, especially concerning a manufacturing entrepreneur, it relates to the set-up of different machinery, equipment and other facilities incidental to the core manufacturing activity, viz., department for receiving (raw materials), department for dispatching (finished goods), tool…

Production & Operations Management

Top 4 Layout Decision Models For Organization

11/03/202411/03/2024 Study Notes Expert No Comments

Before accepting the layout, there should be an assessment of the quantity and quality of the format with an alternative opportunity for getting the correct layout for the organization. Use These Layout Decision Models The various models used for the evaluation of layout decisions are as follows: 1. Travel Chart The string diagram needs a…

Production & Operations Management

5 Steps | Factors Affecting Capacity Planning [Operation Management]

10/01/202411/12/2023 Study Notes Expert No Comments

Capacity planning is crucial for businesses and organizations to ensure they have the right resources and infrastructure to meet their current and future demands. Several factors can influence capacity planning, depending on the industry, type of organization, and specific needs. Here are some common factors affecting capacity planning. Capacity planning is a dynamic process that…

Production & Operations Management

Essential 4 Factors Influencing Buying Motives

08/01/202411/12/2023 Study Notes Expert No Comments

“Buying motives can be defined as influences or considerations which impel the prospects to buy, induce or determine the choice for the purchase of products and services.” –Garry Dessior. Thus, buying motives are influences that provide the impulse to buy. They are driving forces to act this way or that way. In the following article,…

Consumer Protection

5 Capacity Expansion Strategies with Brainstorm Ideas [2024]

06/01/202411/12/2023 Renu Saroha No Comments

Capacity expansion strategies are essential for businesses to meet increasing demand, seize market opportunities, and achieve growth objectives. Several approaches can be adopted to expand capacity effectively. Before selecting a capacity expansion strategy, businesses should conduct thorough market research, financial analysis, and risk assessments to ensure the chosen approach aligns with their long-term goals and…

Production & Operations Management

2 Important Types of Buying Motives

04/01/202411/12/2023 Study Notes Expert No Comments

The business must be directed toward the satisfaction of consumers. A consumer buys a particular product because certain motives influence him. What motivates the consumers to buy? Why do they believe what they do? Each consumer enters the selling and buying process with emotional needs and motives that cause them to buy your product or…

Consumer Protection

2 Main Types of Capacity Planning and How it Executes [Facts]

02/01/202411/12/2023 Study Notes Expert No Comments

Capacity decisions are crucial, as they influence product lead time, customer responsiveness, operating costs, and the organization’s competitiveness. In the following article, you will know the types of capacity planning. It would perhaps not be an exaggeration to state that such decisions are of survival value for the organization because of the following: 1) A…

Production & Operations Management

Ultimate Evolution | 7 Significance of Consumerism | Rights of Consumers

31/12/202311/12/2023 Renu Saroha No Comments

Consumerism refers to the activities of voluntary organizations and others designed to protect the rights of consumers. It implies the organized efforts of consumers seeking redress, restitution and remedy for dissatisfaction caused by policies and practices of business. Evolution of Consumerism The marketers’ slogan that “customer is the king” remains very often as a vocal…

Consumer Protection

Latest Types of Intermittent Production System

29/12/202306/12/2023 Study Notes Expert No Comments

Intermittent production systems are production strategies in which items are produced in batches or lots, with intermittent periods of production accompanied by intervals of no production or changeover. These systems are characterized by flexibility, as they can handle several products and accommodate modifications in production requirements. Various Types of Intermittent Production System Following are the…

Production & Operations Management

7 Important Approaches to Consumer Protection

27/12/202306/12/2023 Renu Saroha No Comments

It is essential to know the various methods or approaches to consumer protection. The following are the approaches to consumer protection. Approaches to Consumer Protection 1. Consumer Education One of the severe reasons identified for the cause of consumer problems is the need for more consumer education for numerous consumers in developing and developed countries….

Consumer Protection

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