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MDI - Group 10 - OM Topic Details - Section C
MDI - Group 10 - OM Topic Details - Section C
Facility Location:- This involves with the strategic placement of various facility locations.
There are number factors that determines the locations of various facilities like proximity to
the market, business climate, labour etc. the various ways of analysis of optimization of
facility location area.
i. transportation method
ii. Centroidal method.
iii. Cost-volume-profit ratio/ break- even analysis
iv. Factor rating method
Plant Layout:- This involves with arrangement of the facility in order to have the maximum
amount of productivity. There are different types of plant layout structures such as process
layout, product layout group layout etc. various ways that are used to analyse and optimize
are:-
i. systematic layout planning
ii. Block diagram
iii. Assembly line balancing
Aggregate planning:- It deals with the subject of employment and manufacture and
management of the product depending on the on the demand, supply and need of work
force. It basically deals with the optimization of the workforce and product management
based on the demand and supply.
i. Work force level in industries
ii. Subcontracting
iii. Overtime
iv. Hiring and firing
Inventory control:- To meet the demand in the market certain level of stock of the item is
kept. It is classified according to the time it is required to sell off and the availability of the
item. Thus it is classified into fast moving, slow moving, non-moving and scarce, difficult,
easy. There are various EOQ (Economic Order Quantity) models used to calculate the
inventory.