What is plant location in production management. Plant Location 2022-12-08
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How did you first become interested in math?
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Were there any particular teachers or mentors who had a significant impact on your relationship with math?
Have you ever struggled with math, and if so, how did you overcome those challenges?
What are some of the ways in which math has impacted your life or career?
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A mathography can be a valuable tool for self-reflection and can provide insight into one's own thought processes and learning style. It can also be a way to celebrate the role that math has played in an individual's life and to share that journey with others.
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Need for the plant location analysis
The necessary factors in the selection of plant location vary among industries and with changing technical and economical conditions. The location should not be near the border of the country to safeguard from the risk of war. In any case, the supply of water should be considere with respect to its regularity, cost, and purity. The ratio of labour cost to total manufacturing cost. The more decentralized these pairs are in terms of the management and in terms of their physical location, the better would be the planning and control and the utilization of the resources. Housing can be provided by private enterprises or by local authorities.
What is facility location in operational management ?
The selection of a place for locating a plant is one of the problems, perhaps the most important, which is faced by an entrepreneur while launching a new enterprise. Also supporting companies, such as facilities that build and service machines and financial services, prefer closer contact with their customers. Location on side road is economical but more publicity is required to become known. It is sometimes posĀsible that all the requirements and features of ideal site may not be available at one particular location but then it will be advantageous to find out suitable site with combinations of all essential requirements of the particular industry to be established as explained in following paras. If power is generated from coal, then coal is a raw material. Costs of establishment is basically cost incurred for permanent physical facilities but operational costs are incurred for running business on day to day basis, they are also call d as running costs.
Once a plant is set up at a location which is not much suitable, it is a very disturbing as well as very expensive process to shift works of a company to some other place, as it would largely affect the cycle of production. Therefore, while selecting a site, owner must consider technical, commercial, financial aspects which may provide maximum advantages. When raw materials are greatly reduced in bulk during the process of manufacture. Procedure for Selecting a Site: For selecting a site following procedure should be followed: 1. The type of labour required. Facilities for education to children and adults part time courses may not be availĀable.
If a company selects the right location, it may have adequate customers, workers, transportation, materials, and so on. Product specialization may be necessary in a highly competitive market; it may also be necessary in order to fully exploit the special resource potential of a particular geographical area. While weighing, we establish a percentage to represent the relative importance. Due to this inadequacy, profit maximisation may not be obtained. Plant location decisions are strategic, long term and non-repetitive in nature. Therefore, the search for plant site justifies very careful considĀeration.
What do we think about Plant location decision? in Different Situations
Example 1: ADVERTISEMENTS: A comparison for three cities is given below on the basis of effective factors which effect the locational economic: Now on the basis of operating costs alone Alwar city would appear to be best location. Further it is quite easy to get decision by putting numerical values, for factors which cannot ordinarily evaluate objectively. So, they have to be very careful will locating the location. Such a setting leads to much confusion regarding the required emphasis and management policies. Traffic analysis To have a rough idea about the number of potential customers passing by the proposed site during the working hours of the shop, the traffic analysis aims at judging the alternative sites in terms of pedestrian and vehicular traffic passing a site. Are raw materials a requirement in your industry? Wrong plant location generally affects cost parameters i.
Hence still steel plants are located near the coal-mines etc. Marketing, transportation, quality, customer satisfaction are some of the other factors which are greatly influenced by the plant location decisions ā hence these decisions require in-depth analysis. Where coal is the source of power, as in the case of the iron and steel industry, the factory has to be located near the coalfields. Urban areas: Urban areas are the opposite to rural areas. A plant is a place where the cost of the product is kept to low in order to maximize gains. Now for the economy and availability of power; This point is similar to raw material procurement. Plant location is where an industry wants to start or move its operation s.
If we include the other factors such as community attitude and employee housing, Kota offers the best possibilities for location and would probably be chosen. The objective of plant location decision-making is to minimise the sum of all costs affected by location. Meaning of Facility Location Facility or Plant location means determining where the plant should be located for getting maximum economic benefits and effectiveness. For example - In case of dairy milk products that are delivered on daily basis to their customers. Miscellaneous considerations like donations, subsidies, taxes and non-interference by government or local bodies, war and political effects and other facilities or bottle necks.
The following the different situations below are; To select a proper geographic region: The organizational objectives along with the various long-term considerations about marketing, technology, internal organizational strengths and weaknesses, region-specific resources and business environment, legal-governmental environment, social environment, and geographical environment suggest a suitable region for locating the operations facility. As Site I with 825 become the first choice instead of the third. Quantitative Techniques Operation Research Models : a Break-even analysis. Lower Transportation costs for raw materials and others. ADVERTISEMENTS: It is of course essential that electric power should remain available continuously, in proper quantity and at reasonable rates. Location decision is based on the organizations long-term strategies such as technological, marĀketing, resource availability and financial strategies. Good market for small manufacturers.
Plant Location: Importance, Techniques and Procedure
Physical factors One another importance of plant location decisions is that it helps the company to look over the other aspects also. Location decision are affected by many factors such as technology used, the capacity, the financial position, the work force required and also by economic, political and social conditions in the various localities. Often sites are limited in area as sufficient land is not available and congested. The objective of minimization of cost of production can achieve only when the plant is of the right size and at the right place where economies of all kinds in production are available. An ideal location may not, by itself, guarantee success; but it certainly contributes to the smooth and efficient working of an organization. Instances of product specialization could be many: A watch manufacturing unit and a machine tools unit; a textile unit and a sophisticated organic chemical unit; an injectible pharmaceuticals unit and a consumer products unit; etc.
