Thus, it is essential for the supply chain managers to develop a set of pricing, payment processes with suppliers and delivery in order to create metrics to monitor and improve the relationships. Then, supply chain management managers can use all the processes to manage their goods and different services which include receiving and authenticating the shipments, moving them to the manufacturing industries and then approving supplier
" A purchasing manager should have a good understanding of the elements of the purchasing cycle. Explain the elements of the procurement cycle and assess its significance to the role of a purchasing manager ". Management in any company must understand the art of obtaining products and services. The procurement or purchasing cycle considered as one of concepts of purchasing that taking orders and activities from suppliers and transfer it to the final destination and follows specific steps for identifying the need of the company through the final step of the contract admin. For any manager he need to know how to manage his company or his purchasing business of goods and services , So he applies what we called purchasing cycle which is " the plenty of time between two purchases and helps manager to achieve the highest percentage and activity of sale purchases ".
Operations management is a field of management concerned with controlling the process of production and designing supervising, organizing and planning in the contexts of production. Also it includes business operations in the production of goods and services. It has the responsibility for ensuring that business operations are benefit and efficient. In other words, organization successfully processes from inputs to outputs in an efficient way. It is concerned to manage the process that turns inputs like raw materials, energy and labor (human resources- staff or workers) into outputs such as goods and services.
Strategic cost management is the process of utilizing cost information to formulate and communicate strategies to all levels of the organization. A balance must be obtained to provide the customer with a quality product at a cost that provides for a profit for the company. The potential customer is becoming more and more conscious of quality. It makes sense for a business to cut their costs by improving the quality of the product thereby enhancing the appeal of a product or service in the market place. The challenge is for each business to strive for the kind of business culture that will succeed in spite of the unknown and the unknowable.
Procurement in the main stream of the business world is to ensure organizations has the proper necessities for the selections process of the suppliers. Procurements within an organization helps to develop the right tools necessary when selecting and maintaining performance criteria, speciation’s and defines the terms and conditions in an organization. As set forth by the company the procurement area of the company conveys and develops the necessary values and mission with an in organization. In looking further into the importance of procurements we can determine the alternative methods to procurement, the methods necessary to keep procurement in order and the overall value of procurement with in management project. Procurement within a project can help organizations create and develop the right elements necessary to obtaining goods and services.
Service income is reported on the income statement similar to sales income for a retailer. Product, period, fixed, variable, direct material, and direct labor costs are very important in manufacturing company as they determine the overall cost of the product. Product, variable, direct material, and direct labor helps in determining cost of goods sold. Manufacturing
This concept acts as the inventory minimized, make the process easier and improve any defect parts. Kaizen concept is just making the alteration which is suitable to the problem and the must constantly monitor until it give good effect. Kaizen may improve the company productivity and explain the worker
This in order to understand what affect the inbound flows have on the total cost of the product. The choice of the right delivery term depends on many circumstances, such as the flow of goods, type of goods or components and customer service required. By choosing the delivery term that provides the company with the most responsibility and cost undertaking when it comes to inbound transportation, a company obtains the greatest possible control of the goods flows into and from the company. By having control of the goods flow, a company can make warehousing, production and transports more efficient, create routines and thereby cut costs. Refresco should revise the use of certain delivery terms that are
TECHNICAL FEASIBILITY This is another important part to be considered by the business in executing the needed resources. After the business identified its potential market, promotional strategies, pricing analysis and how the business will operate and manage, Donut the Explorer will now focus on the production portion. It involves the manufacture and operational resources that will complete the overall performance of the business. Indeed, a business cannot produce goods without the help of the machineries, equipment and manpower necessary to perform specific tasks. This study primarily concerns with the appropriate acquisition and installation of the property, plant and equipment of the business.
So my career aspiration is to start my career with stock controller. Or Logistics management: operation manger make sure that goods should reach customers at right time and at right place of goods standards. He also look at equipment and machinery and ensure that product is made of right quality. Management of resources: he is also responsible for both raw material and personnel. Also operations manager do variety of tasks starting from planning and policy making then processing till deliver of goods to customer and customer