making the best possible use of resources which can a
Which of these managers are in charge of departments such as Finance and HR? a) Line b) Project c. Top d. Operatives e. Staff
The basic responsibility of managers is to ensure that their respective departments are working properly. Managers will be responsible for the running of the organization.
Management information systems help business operate beyond walls. Managers from different departments and different facilities can communicate to ensure that the business has what it needs to continue production.
A financial reporting system is a system that is connected to departments and allow managers to input numbers so that the finance department will have up to date information. These systems have alerts that let executive managers know when something is wrong in production.
Functional area managers manager specific departments based on its function. These managers gain insight about the company that executive managers can use to increase the company's profitability.
S. P. Hutton has written: 'Production managers in Britain and Germany' 'Evolution and engineering' 'The work of production managers'
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
Management accounting helps managers determine where their departments can be improved. Accounting reports help managers know what weaknesses exist in their processes.
Operation managers might need to forecast demand for products, plan inventory levels, schedule production, allocate resources, and predict sales volumes to make informed decisions about the allocation of resources and efficient operation of a business or production process. Additionally, forecasting can help operation managers anticipate potential issues or bottlenecks in the production process and plan accordingly.
The average salary for production managers in Seattle WA is about $71,000 per year. This will vary depending on where they work and level of experience.
The production management objective will be based on the vision mission and objectives of the company and to meet its goal to make a profit. Planning, implementation, and control of industrial production processes to ensure smooth and efficient operation. Production management techniques are used in both manufacturing and service industries. Production management responsibilities include the traditional "five M's": men and women, machines, methods, materials, and money. Managers are expected to maintain an efficient production process with a workforce that can readily adapt to new equipment and schedules. They may use industrial engineering methods, such as time-and-motion studies, to design efficient work methods. They are responsible for managing both physical (raw) materials and information materials (paperwork or electronic documentation). Of their duties involving money, inventory control is the most important. This involves tracking all component parts, work in process, finished goods, packaging materials, and general supplies. The production cycle requires that sales, financial, engineering, and planning departments exchange information-such as sales forecasts, inventory levels, and budgets-until detailed production orders are dispatched by a production-control division. Managers must also monitor operations to ensure that planned output levels, cost levels, and quality objectives are met. See also productivity.
Because financial managers are responsible for giving funds to other departments like Marketing Department, Human Resource Departmet etc. and for the runing of the business.