Building Up a New Manufacturing Unit

Here in this article I am considering a new set up of an established organization and due to various reasons the new unit  has to be set up. Here I am talking about conventional industries and not an IT unit. A new manufacturing plant has to fit into a multi-plant operations strategy. The different operations strategies could be: Plants Manufacturing Distinct Products or Product Lines: However, each plant services the entire market area for the organization. This strategy is necessary where the needs of technological and resource inputs are specialized or distinctively different for the different products/product-lines. For instance, a

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Procurement and Utilisation of Funds

Finance is required in order to maintain an adequate cash flow to keep the business operating and also for development. For the latter, the right amount is required at the right time and at the right cost. So the first question here is about deciding the capital structure of a company, which refers to the kind and proportion of different securities for raising long term finance. It involves decisions regarding the form of capitalization, the sum total of all long term securities issued by the company, equity as well as debt and the surplus not meant for distribution. It deals

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Advantages of Management Study

Management as an academic field of study offers a number of insights into many organizational aspects of our daily lives. Consequently, several reasons explain why we may want to study this topic. The first reason for studying management is that we all have a vested interest in improving the way organizations are managed. We interact with them every day of our lives. It frustrates us when you have to spend a couple of hours in a Department of Motor vehicles office to get your driver’s license renewed. We get perplexed when none of the sales people in a department store

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