The factory of future will have digital computers as a driving force. Popularly called as the computer-integrated manufacturing (CIM), the digital computers would provide shared data base for four primary manufacturing functions: engineering design, manufacturing engineering, factory production and information management. The shared database is the glue that synchronizes the four functions, thereby yielding gains in productivity. The database stores all product and process related information required to produce a component or a product. It contains information about machines, tools, materials, manufacturing steps, quantities demanded, due dates and vendors..Read more
An information system combines related operations and procedures to perform a major organization and management activity (such as document production). The efficiency and success of the system depends on careful planning, organization, and control by the supporting staff of a bank. The objectives of an information system include…Read more
In the pricing objectives, an important issue to be decided by the top management is their corporate objectives. These will reflect the philosophy of the owners or principal share holders and also their perception of the external environment. The objective could be to skim the cream from the market or to penetrate the market and establish leadership or to balance the profits across the product lines. No pricing decision can be taken in the absence of these corporate objectives statement…Read more
The relationship between age and job performance is likely to be an issue of increasing importance during the next decade. Why? It is widespread that the job performance declines with the increase in age.
What is the perception of older workers? The positive qualities an older worker possesses are experience, judgment, a strong work ethic, and commitment to quality. But older workers are also perceived to be lacking flexibility and being resistant to new technology. At a time when organizations actively seek individuals who are adaptable and open to change, such an attitude would clearly hinder the initial hiring of older workers and increase the likelihood that they will be asked to leave during cutbacks…Read more
Employees expected to take an increased role in decisions that affect the employment deal.
The human capital and financial management unveiled the top 10 key trends Watson Wyatt a management expert expects to see taking shape and that emphasizes “total rewards and helps positively affect bottom-line results”, said Michel Guay, managing director, Watson Wyatt Canada…Read more
Harvard Professor Michael E Porter, the world’s top management guru, developed the two most widely acclaimed and influential models for information systems planning and strategic management:
Competitive Forces Model, and
Porter has had a lasting influence on strategic management with the books he authored about the competitive advantages at industry level and global level in eighties. Since then, these models have become a guiding Bible for organisations worldwide.
Porter’s ideas faced some criticism in the last decade-and-a-half due to the development of the new economy, called the Internet economy. Compared to old economy, the conditions to do business have changed fundamentally in the Internet world.
The rise of various e-business applications and various companies relying on Internet for business, knowledge, etc., has strongly influenced all industries…Read more
Dec. 27 (Bloomberg) — Anheuser-Busch Cos., the world’s largest brewer, plans to toast the New Year with higher prices for Budweiser and Michelob. Pepsi Bottling Group Inc. may drink to that too.
Companies such as DuPont Co. and Clorox Co. are joining the party with price markups of their own, celebrating the return of pricing power after a year in which many struggled to recover higher costs for energy and raw materials, and some were forced to discount.
Raising prices is one thing; making them stick is another. Economists say U.S. businesses stand a better chance of getting higher prices in 2006 because unemployment is low and factories are operating near capacity. That already has the Federal Reserve on watch for production bottlenecks that might heat up inflation.
“Sellers have more pricing power than buyers now,” said Norbert Ore, chairman of the Institute for Supply Management’s Manufacturing Business Survey and director of procurement for Atlanta-based Georgia-Pacific Corp., which makes products from cardboard boxes to plywood. “Sellers are able to pass through higher costs” because “utilization of operating capacity is high, growth is fairly high.”
ARAMARK has 70,000 employees and has been operating abroad since 1967, serving clients in 19 countries outside the United States. ARAMARK International provides food, refreshment, facility and other support services for thousands of clients, including businesses, schools and universities, health care institutions, senior living centers and sports and entertainment facilities.
Headquartered in Toulouse, France, Airbus is an EADS joint Company with BAE Systems and has a worldwide workforce of 55,000 employees.
ARAMARK Corporation is a world leader in providing from award-winning food and facilities, management services to health care institutions, universities and school districts, stadiums and arenas, and corporations, as well as providing uniform and career apparel. ARAMARK was ranked number one in its industry in the 2005 FORTUNE 500 survey and was also named one of “America’s Most Admired Companies” by FORTUNE magazine in 2005, consistently ranking since 1998 as one of the top three most admired companies in its industry as evaluated by peers. Headquartered in Philadelphia, ARAMARK has approximately 240,000 employees serving clients in 20 countries…
Lighting is one of the physical facilities most required in a factory. It is the most important single environment factor contributing to worker satisfaction, comfort and productivity. Adequate and good lighting is necessary for a worker so that, he may see minute details of his job with ease and accuracy.
Lighting is said to be good when it is free from glare and is properly diffused, its color pleasant and its flow direct and steady. An excess of lighting or its inadequacy is harmful to the eyes of the workmen and should, therefore, be avoided. Illumination between 14 and 18 lumens will be ideal in any industrial establishment. Adequate and good lighting in a factory is a legal requirement…Read more
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