Group Profile
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Ashok Piramal Group has a presence in diverse business sectors, from textiles to real estate and engineering to entertainment.
The key strengths of the Group come from its strong lineage and effective management that promises to deliver world-class products and services. Each company operates independently and has its own set of directors and shareholders.
Every company in the Group while working towards their individual objectives, shares the Group's collective vision and philosophy. The group’s success lies
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Inventory of raw material and packaging material keeps in hand for smooth running of production process.
• They classified their inventory into safety stock, buffer stock and minimum stock.
INVENTARY MANAGEMENT OF RAW MATERIALS AND FINISHED GOODS.
MIRANDA TOOLS has classified its inventory are as follow:
• Material classification: the company classifies its components as raw material, packaging material, consumable material, and non- consumable goods. Company keeps safety and buffer stock of all these components in store for using it even in the emergency.
• Components: these are sub assembly of end products for Endmills, Toolbits; all of those for waiting for packing.
• Work-in-progress: these material and components are those on which work is being done.
• Finished good: these are the final product held as inventory in stores waiting for customers order.
STOCK VERIFICATION
• The store department of material can do stock verification. The person of store department checked the materials whether the materials are as per the order or not.
• They store item by proper checking of the material. From the total item they also check that, how much the consumption is done and how much material are
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2) The employ detail containing name, card no, date of joining, grade, designation, job specification no, date of birth, education qualification, previous experience etc. is prepared by P&A department and distributed to all manual holder, once in a year by a head of P&A.
3) Any change taken place due to transfer, promotion, additional responsibilities or living of service of employee,the same is intimated to concerned HODs through Circular,E-mail, IOM etc.
4) The competency needs of operators performing activitiy affection quality that require further improvement will be identified every year (in a group) by april with the help of competency gap identification form and or discussion with concern HODs. For management staf who are covered under performance management system of the company, it is done at a time of annual appraisal of performance by 30thapril.
5) Identification of training needs of employ is done
The current Caterpillar Inc. has four divisions in the company. They have Resource Industries, Power systems, Construction Industries, and a Finance Products Department. Among the different departments, Caterpillar controls many brands that include but are not limited to: Turner Powertrain Systems, Progress Rail Services, and FG Wilson. According to the 2013 4th quarter fact sheet, the most sales and revenue was made through the Power systems Department totaling $20,155,000. The Construction Department came in second at a total of $18,445,000. These numbers are derived from total region operations including North America, Latin America, Asia/Pacific, and EAME.
The current location and positioning of some of the racks has required the shipping and receiving operator to unload the parts manually by hand, when they should be unloaded with a fork truck. With the racks dispersed out from one end of the facility to another, it takes the shipping and receiving operator longer to unload the material than if the racks were placed in a more centralized area. The utilization of the inventory racks has also become a problem that operators face on a daily basis. Inventory racks should have more commonly used material in the middle for easy access and rarely used material on the top. Due to the way the racks are organized currently, each shelf contains a mixture of several different materials including scrap pieces mixed in with new pieces. Many inventory racks house more than one material per
Once they develop and implement this inventory control system, inventory records are going to be upheld truthfully and that they will get the accurate standing of the inventory up-to-date. In order to maintain the steady continuous supply for production need... ... middle of paper ... ... ory holding costs, ordering costs, and shortage costs, and have a classification system for inventory items. In conclusion, while reading the case study, I saw much disorganization throughout the company’s entire system.
The company has a very good inventory control system. After they are able to locate good quality suppliers that are able to meet the demand of the company, they then strive to maintain those relationships. They have systems in place to forecast their future needs and then have set out to be able to maintain a supply on-site so they can meet the demands and not run out of the product. They also need to make sure that they are able to store the materials so that they are able to maintain the quality that the company needs.
- These are the different companies who make and supply the different tools, products and equipment that we work with.
1.1.1 All equipment, rolling stock, and tools miscellaneous inventory listed on Exhibit "A", together with any replacements or additions to the equipment, etc. made prior to the closing date.
Teams have become integral parts and driving forces of success in organizations. A key common attribute among highly
It is proven that teams who work well together perform and have a higher rate of success compared to teams who do not work well together or communicate with each other. A recent article with regards to leadership discussed the topic of group cohesion and how this is a factor for success. The article discussed several situations, one about a business company, one about a sports team and one about a military operation. The article closely analyzed the leaders of the three situations and discussed the similarities and differences between the three. The main similarity between was there focus on cohesion. The article contained facts about how the business was operating and how that in recent years, production and sales as increased drastically, and one factor for this increase was the CEO implemented a mandatory team building exercise each
Ownership and control of production ; vertically integrated manufacturing operation to enable its constant introducing of new items and also ensure short lead time
The Importance of Group Work in Today's Organizations. It could be argued that in order to be successful, modern organisations must actively develop strong and cohesive work groups. Why do you need to be a member? Is it true that there is no room for the individual in today’s organisation? The rapid progression and improvement in information and communication technology has led to modern organisations finding new ways to work.
Individuals have their own personalities that can influence their enthusiasm and productivity within an organization. In addition, individuals also form groups and are part of teams that work together to reach a common goal within organization. According to Gibson, Ivancevich, Donnelly, and Konopaske (2009) dedicated and cohesive teams can have a tremendous impact on organizations effectiveness and the global market. However, all of this happens within the frame-work of office politics and can hinder or enhance the organization’s effectiveness. Therefore, it is important to not only understand individuals, but also groups, teams and office politics within the organization. This will help leaders to plan, organize and motive individuals and groups for the best possible outcome for the organization.
Companies that have been successful in organizing hi performing teams have reaped the benefits of having appropriate team cohesiveness. However, contrary for companies that have tried and failed at the everchanging task of keeping the lines of communication open between employees and leaders to reach a final product. It is not wise for a leader to place emphasis on team member relationships alone, but more importantly on problem solving techniques and motivating each individual and the team as a whole. Organizations that have set out to improve the quality of the products and business structu...
In order for a work place to be successful and beneficial to everyone involve in the company, teams needs to be form, and each team must have a goal in mind. Employees must come together to accomplish a common goal. Teamwork will not only benefit those involve in the project but it will also have a huge impact in your business.
Realizing that a group can become a high performance team is important. Accomplishing this goal is invaluable, advantageous and profitable. Once able to operate from a group to the high performing team is a great step into preparation into the big business world. Leaders and members must also realize not only how to accomplish this but that some problems will and can arise from different demographic characteristics and cultural diversity. That is if one is in such a group, which the probability would be quite high.
...ll the storing and retrieving are done by automated systems. Goods are moved by robots and they are also tagged to enable employees to find all the information they need about them in the computers instead of checking them manually. Automated storage is performed by robots, they don’t only store the materials, but they also pick and fill orders, send them through machinery to be stamped and then transfer them to other destinations when it is necessary.