Management Answers

Explain in detail the various types of plant layout concepts that area available in operations management. Give examples on where each of these types can be employed respectively. Briefly explain a layout applicable for a Retail store format, highlighting the good points and bottlenecks, if any.

Mr. Suresh Deshpande is the M.D of “Rashmi Electricals Pvt Ltd” which manufactures

various electrical components for the auto industry. A mid-sized company, (set-up in

the 90’s) employing about 200 people and its products are well known for its quality. Up to

2019 this company was making good profits and it could pay its employees well

above the market average. A major component of this pay package were the benefits (like reimbursing school fees for employee’s children, free lunch, free transport) which attracted many talented workmen to the factory. After 2019, the profits started dwindling because of competition, increased imports from China and the Corona pandemic. So, a few days ago Mr. Deshpande called Mr. Roberts, his HR Manager to stop all the different “benefits” given to the employees as these were adding to the costs in a big way. From a Compensation point of view, explain how should Mr. Roberts prepare adequate logic to convince Mr. Suresh regarding which benefits to retain or discard

Define all Objectives of HRP

Define all Needs of HRP

Define all Forecasting Techniques

Define Demand Forecasting Helps to..

Define HR Demand Forecast

Define Organizational Objectives & Policies

Briefly explain a layout applicable for a Retail store format, highlighting the good points and bottlenecks, if any.

Discuss the differences between the third-party logistics (3PL’S) and the fourth party logistics (4PL’s).