Therefore the typical manufacturing enterprise system that has disparate areas of activity with little understanding of how they contribute to the customer demands will not be successful. The solution to understanding and then implementing a management system is not trivial. The sheer volume of data and communication that occurs in a small to medium size remanufacturing business is huge. Look around at the number of file cabinets on your floors and in storage. .
The shift to establishment of an enterprise system starts with your company's particular computing base. If you have a relatively simple network system that can connect key activities and personnel together then implementation of a ERP system can be evolved. If your information system is not well established then you have to build that foundation. There are some advantages to starting at ground zero. Many enterprise installations benefit from having hardware planning happen concurrently. The training and installation cycles can happen gracefully such that your staff comes up to speed together on very similar computing systems.
Product Lifecycle Management.
Product lifecycle is the entire life span of a product encompassing these general phases for a laser cartridge remanufacturer.
o Formation.
• Printer is announced by OEM .
• Basic details on print speed and capabilities.
• Target market identified.
• Connectivity .
• Accessories and consumables identified.
o Definition.
• Printer is released and available.
• Consumables are re-engineered.
• Customers are queried on acceptability of printer.
• Marketing makes basis assumptions .
• Manufacturing designs workflow.
o Production.
• Manufacturing "blue book- complete and prototypes in the field.
• Develop training and work fixtures.
• Materials management.
o Distribution.
• Sales and Marketing start launch.
Types of forecasting Forecasting various methods are divided in two major categories, the subjective and the objective, which both are presented in Exhibit 1. ... Forecast estimates obtained directly 1. ... Produces aggregate forecasts opinion 2. ... Disperses responsibility for the forecast top people 4. ... Allows management to check results 2. ...
Forecasting The article "Is Forecasting a Waste of Time?" ... The author points out that many companies undergo forecasting activities that fail to add value to the overall forecast. Inherent biases exist through forecasters such as sales reps, marketers, and management, all of whom tend to have alternative agendas. ... The approach measures the change in forecasting accuracy due to an activity in the forecasting process. ... The forecast value added approach is aimed at just that: eliminating wasteful steps from the process of sales forecasting. ...
"The goal of financial management is to take actions which maximize the value of a firm's stock. ... Non-accountant managers can use this information to forecast and budget business operations, investments for growth and the financial position of the organization. ... It is important to know that operations are efficient and there is enough cash flow to cover debts at every level of management I do believe for the most part financial managers are primarily concerned with the maximizing the value of the firms stock in the right ways. ... Non-accountant managers can use this informati...
Time management is an important aspect of any career, whether the person stays at home or works for the general public. ... My forecasted numbers fell short of the actual time spent in each area except for two, email/phone and planning. I forecasted one percent planning time, and during the three-day review I equaled one percent in planning. ... If I were to adhere to a well-constructed plan for my day, I truly believe it will help with my time management skills. ...
Management of Technology: article analysis Hewlett-Packard Kittyhawk business case is considered to be classics for management theory and practice. ... Nevertheless, DMD was entirely supported by HP top management in terms of financing and providing appropriate personnel from other divisions. ... Therefore, for Kittyhawk management the primary task was to discover the ways to accomplish into practice Spenner's 5 objectives. ... That volume forecast would let to Kittyhawk's business line to follow Spenner's objectives and 36-motn Break-Even Time. ... The sales of Kittyhawk w...
LITERATURE REVIEW MATERIALS MANAGEMENT Materials Management has always been an area of scrutiny for organizations. ... Physical Distribution Management is related to marketing in a manner similar to the way materials management is related to production. ... Logistics management is a combination of materials management and physical distribution management. ... In industry today, logistics management includes all of the functions of both materials management and physical distribution management. ... Supply chain management, logistics and materials management are terms widely (and interchang...
As executive compensation becomes more closely tied to the performance of a company's stock, executives pay much more attention to analysts" forecasts. ... The existence of earnings management within the equities markets is a proven fact. ... Major scandals that have escalated from earnings management to fraud in recent years have included Enron, WorldCom, Parmalat, Phar-Mor, Waste Management, Pearson, Xerox, Mercury Finance, and American Online. The accounting industry has been pounded, and will continued to be asked, by questions regarding earnings management. But does earnings mana...
Introduction Project management is needed for any businesses to organize work efficiently and gain profit in a way that minimize risk cost. The end result of project management is to solve the company's problem and make changes to improve former way of running business. ... So what is project management? ... (PMBOK Guide, Project Management Institute, 2008, 6). ... This also consists of Time Management - developing a schedule to manage one's time. ...