Education Subject

Needs of a business letter Every business, whather big or small, has to maintain contacts with its suppliers, customers, prospects, government departments and the like. In this regular work, a businessman has to exchange information of varied types with different parties. Making and/or soliciting enquiries; placing orders for goods; acknowledging and executing orders; granting or applying for credit; complaining about dealer or mistake in supply of goods; making adjustments for customers' grievances; canvassing for the firm's new lines of goods or ideas; and a lot of such matters require communication. Included in this list is also the correspondence with government departments, such as the tax section if the local government, sales-tax and income-tax offices, etc. In the case of a very small business, letter-writing may be less important, but is not unimportant. As and when the business expands, its activities increase, as also the number of its suppli...

Techniques/ Models of plant Site Selection Various models are available for identifying a near ideal location. The most popular models are  Factor Rating Method Transportation Model Break-Even Analysis Center of Gravity Method Factor Rating Method A typical location decision involves both quantitative factors, which tend to very from situation depending on the needs of each organization. Factor rating is a general approach that is useful in evaluating and comparing different alternatives. It helps the decision maker to incorporate their personal (qualitative) as well as quantitative information in the decision process. The step involed are: o    Develop a list of relevant factors o    Assign weight to each factor to indicate its relative importance (the total of weights should be 1) o    Assign a common scale to each factor (say 0 to 100) and set any minimum score to be secured by any location o    Score each potential ...

Scope of Operation Management at micro level Or Responsibilities of production manager Or Activities of production management department Production manager has to perform variety of tasks in a firm. Apart from short term/ day-to-day decisions, in some organizations he might also have to play important role in taking long term decisions related to production. Basically the decisions to be taken by a production manager are divided into two types A) Strategic or Long term decisions B)   Operational or short term decisions A) Strategic or Long term decisions Some of the long term decisions duties that a production manager has to take are 1)   Product Selection and Design Choosing the right product, keeping in mind mission and overall objectives is the key to success. Apart product selection, design of product is also very important.The design of product should be such that all the features are provided with optimum use of parts and at minimu...