Production system is a tool that is used for changing the input resources in order to create useful goods and services. The production process is the process of transformation or conversion. Input resources could be in any form. In the manufacturing operation, this input can be in form of raw materials, energy, labor, machinery, physical [...]
Archive of posts filed under the Management Business category.
Operational Management: Elements and Applications
The underlying elements of operational management are: The basic concept of production management that distinguish it from other disciplines, such as basic concepts of layout planning, capacity planning, material requirements planning, inventory, scheduling, and quality control. Techniques and concepts are developed through the organizational and management theory. The technique is widely used, especially in work [...]
Stock Price Increased Management
For private companies, the value of the company is become the price that willing to be paid by the prospective buyer when the company is sold. As for go public companies, the stock price which traded in the stock market is become an indicator of company’s value. So if the stock price increases, then the [...]
Strategic and Operational Management
Strategic and operational management are basically consisting of four functions in the company: finance, marketing, operations and personnel. Each function has strategic implications in the company. Long-term financial health can be affected by the use of funds mechanism. Even employment and personnel policies have influence on the company’s continuity. Bad policies could damage the successful [...]