Finance, industry analysis question

Business & Finance
Tutor: None Selected Time limit: 1 Day

What are some ways a firm can ensure its industry analysis is effective? Are there any disadvantages to this approach? 

Jun 12th, 2015

To maximize productivity, every company needs a sound production plan. However, effective planning is a complex process that covers a wide variety of activities to ensure that materials, equipment and human resources are available when and where they are needed. Production planning is like a road-map: It helps you know where you are going and how long it will take you to get there.

Here are some advantages of an effective production plan and scheduling.

  • Reduced labour costs by eliminating wasted time and improving process flow.
  • Reduced inventory costs by decreasing the need for safety stocks and excessive work-in-process inventories.
  • Optimized equipment usage and increased capacity.
  • Improved on-time deliveries of products and services.

Jun 12th, 2015

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Jun 12th, 2015
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