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What is inception and feasibility in plan of work?
Purchasing Iron & steel scraps
What are the major industries in Argentina?
Motor vehicles and food processing are major industries in Argentina. Other major industries in Argentina are chemicals, petrochemicals, steel and textiles.
What two factors would a steel making firm consider important in choosing a location?
1. Availability of Resources like Raw Material,Labour,Power. Water etc. 2.Legal papers and its Cost must be within Company Budget. 3. Ease of land acquisition's and local community support.Local community often protect and such investment decision due to high investments are irreversible or result in Huge losses.Everyone is aware of recent TATA Nano shutdown of Singur Plant.These situation can arise in any firm.
What was Adam Smith contribution to the field of management?
Adam Smith, in The Wealth of Nations (1776), made an argument on the economic advantages that organizations and society would achieve from the division of labor, which is the breakdown of jobs into narrow, repetitive tasks. Smith concluded that division of labor increased productivity by increasing each worker's skill and dexterity, by saving time that is usually lost in changing tasks, and by the creation of labor- saving inventions and machinery. Probably, the most important influence on management was the Industrial Revolution. It began in the late eighteenth century in Great Britain, where machine power was being substituted for human power. Thanks to this movement, there was the development of big organizations. John D. Rockefeller was putting together the Standard Oil monopoly, Andrew Carnegie was gaining control of two- thirds of the steel industry, and other people were creating new businesses that would require formalized management practices. CLASSICAL CONTRIBUTIONS The roots of modern management lie within a group of practitioners and writers who gave their contributions to management which we call the classical approach. The classical approach is the term used to describe the scientific management theorists and the general administrative theorists. We can divide it into two subcategories:
Discuss the function of Materials Management Explain selective inventory control?
Materials Management Roles include the following1. Vendor Administrator role.[externally --manages the coordination with vendors of material supply]-------------------------------------------------2. Centralized Material Master Administrator role.[internally - manages the total material management operation ]------------------------------------------------------------------------------3. Buyer role[externally - manages the buying operation with the supplier--------------------------------------------------------------------------4. Contract Administrator role.[externally -manages the outsourcing of contract jobs ]--------------------------------------------------------5. Purchase Administrator role.[internally - collaborates with the buyer ]--------------------------------------------------------------6. Inventory Administrator roleInventory Issuer role.[internally --manages the coordination with the INVENTORY MANAGER]Inventory Receiver role.[internally --manages the coordination with the INVENTORY MANAGER]--------------------------------------------------------------------------------------------------------7.Material Planning Role[internally --manages the material requirements with production planning ]------------------------------------------------------------------------------8. Raw material Inventory Display role.[internally - manages the stock level of raw materials.---------------------------------------------------------------9.Raw material quality control role.[internally --manages the quality control of incoming materials with QC.---------------------------------------------------------------10. Material Budgeting role.[internally - manages the department planning / budget ]--------------------------------------------------------------------SELECTIVE INVENTORY CONTROL· To identify items, which bring significant benefit by proper management from amonghundreds and thousands of items managed by an organisation· Determine the importance of items and thus allows different levels of control basedon the relative importance of itemsStock-Keeping Unit (SKU)· Management decisions regarding inventories must ultimately be made at the level ofan individual item or product· The specific unit to be controlled will be called a stock-keeping unit· An SKU will be defined as an item of stock that is completely specified as tofunctions, style, size, colour, and usually locationExamples:· The same style shoes in two different sizes would constitute two different SKUs· Each combination of size and grade of steel rod in raw stock constitutes a separateSKU· An oil company must regard each segregation of crude as a separate SKU· A tire manufacturer would normally treat the exactly same tire at two geographicallyremote locations as two distinct SKUsABC Analysis· Classifies items based on the annual usage value (AUV)· Identify a small percentage of items which account for most of the total inventoryvalueBasic Principle20/80 - RulePareto's Law - Vilfredo Pareto - Italian Economist"Few are vital' and 'many are trivial'AUV = Annual demand C PricePareto's law applied to inventories· The relationship between the percentage of items and the percentage of AUV followsa patternA - about 20 % of items account for about 80 % of the AUVB - about 30 % of items account for about 15 % of the AUVC - about 50 % of items account for about 5 % of the AUVSteps in Making an ABC Analysis1. Determine the annual usage for each item2. Calculate the AUV of each item3. List the items according to their AUV (descending order)4. Calculate the cumulative AUV and the cumulative percentage of items5. Examine the annual usage distribution and group the items into A, B, C based onpercentage of AUVUsing ABC approach, there are two general rules to follow:· Have plenty of low-value items· Use the money and control effort to reduce the inventory of high-value itemsDifferent Controls used with different classes· A Items: High priority - Tight control including complete accurate records, regularand frequent review by management, frequent review of demand forecast and closefollow-up and expediting to reduce lead time· B Items: Medium priority - Normal Control· C Items: Lowest priority - Simplest possible control. Perhaps use a two-bin system orperiodic review system. Order larger quantities and carry sufficient safety stock.
When was Bokaro Steel Plant created?
Bokaro Steel Plant was created in 1964.
Bolero steel plant?
The Bokaro Steel Plant is located in Bokaro, Jharkhand, India.
Mission of Bokaro Steel Plant?
mission of the bokaro steel ltd
Is biggest steel plant in Asia?
bokaro steel plant
Where is the iron and steel plant in bihar?
Bokaro
In which state is bokaro steel plant situated?
Jharkhand
Bokaro steel plant is located in the state of?
It is in jharkhand
What is the weight of Ingot of Bokaro steel plant?
it is 28 Tonne
What is Bokaro Steel City's population?
Bokaro Steel City's population is 563,417.
List of Steel Plants of India with Place?
Tata Iron and Steel Industry.
Where did the Russians who built Bokaro steel plant live?
Our Russian friends lived in Bokaro Steel City's Sector 4's 'Russian Colony' in C type quarters. Some of them still live there with their families.
What is the location of the D.A.V. Public School in Bokaro?
Bokaro Steel City Sector -4.
