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Management In A Manufacturing Company
CHAPTER FOUR -- [Total Page(s) 14]
Page 5 of 14
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4.3 Calculation of optimal number of order for the raw materials
The optimal number of orders for each of the raw materials can be computed using the formular.
N = D/Q
Assuring that optimal number of order is N
Where D = Annual usuage rate Q = optimal order size (EQQ)
The optimal number of order for concentrate
D = 21,3400 Q.= 134697
N= 21,3400 15.84
13469.7= 16 orders
This shows that 16 orders of concentration should be place in a year.
The optimal number of orders for sugar
D = 6,537,800 Q = 325348.91kg
N 6537800= 19.54
325348.920 order
The optimal number of order for hydrated lime
D= 28,100 c.= 1836.300kg
28100 = 15.3
N= 1836.300 15 orders
This shows that 15 orders of hydrated lime should be placed in a year.
The optimal number of order for Acciducant
D = 164600Q = 9979.471kg
N = 164600/(9979∙471) 16.4
16orders
This shows that 16 orders of acciducant should be placed in a year.
4.4 calculation of optimal time between orders for the raw material
The optimal time between orders for the selected raw materials can be calculated using this formula.
T = 260
Assuring the optimal time between orders is Time. Also having in mind that the company operates 260 working days in a year
Where N = number of orders
260 = number of working days may
The optimal time bearer order for concentrate
N= 16 orders.
Time 260/16= 16.25
=l6days
In essence an order for concentrate should be placed once in every 16 working days.
The optimal time between orders for Sugar
N = 20 orders
T=260/20=13
l3days
In essence shows that order for sugar should be placed once in every 13 working days.
The optimal time between orders for hydrated time
N=15
T =260/15 =17.3
CHAPTER FOUR -- [Total Page(s) 14]
Page 5 of 14
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ABSRACT - [ Total Page(s): 1 ]WILL COME HERE SOON ... Continue reading---
LIST OF TABLES - [ Total Page(s): 1 ]LIST OF TABLE AND FIGURESFigure: 3.2. Corporate organization structure Table: 4.2 Material purchase and inventory cost for the year 2009 Table: 4.6 Production schedule and finished products inventory cost for the year 2009 ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTTitle page Certification Dedication Acknowledgment Table of contents List of table CHAPTER ONE1.1 Background of the study 1.2 Statement of research 1.3 Research objectives 1.4 Research question 1.5 Justification of study 1.6 Scope of the study 1.7 Historical background of the case study 1.8 Definitions of terms CHAPTER TWO LITERATURE REVIEW2.1 Concept of material management ... Continue reading---
CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONEINTRODUCTION1.1 Background to the StudyAs a manager in a manufacturing company. It a more necessary than ever to improve tire overall productivity of lire operation ‘while such improvement requires an integrated dint involving all functional areas of the facility specific actions are requited within each functional area one of the functional areas in a manufacturing operation that is critical in the overall productivity of the company is material management The material ma ... Continue reading---
CHAPTER TWO - [ Total Page(s): 6 ]Price nut Carter (2005) further stressed that the stock controls system is responsible for the correct establishment of stock levels for every item held in the store when these levels are being established certain basic operational factors have to be considered and then reflected in the final stock figure. These as follows:i. Storage capacity: This is the amount that can be held will be restricted by the actual physical capacity of the stores. Operation in sonar cases where a special store ... Continue reading---
CHAPTER THREE - [ Total Page(s): 3 ]CHAPTER THREERESEARCH METHODOLOGY3.1 IntroductionThis chapter makes an attempt to present the general procedure needed to carryout this study. It includes brief description of some key pots of this research such as the brief history of the company (Seven up Bottling Plc. Ilorin plant), population, sample, method of data collection and sampling techniques.3.2 Corporate Organization StructureF.C Financial controverE.S.M Engineering Service ManagerC.O.O Chief opera ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVE SUMMARY OF FINDINGS CONCLUSIONS AND RECOMMENDATIONS5. 1 Summary of Findings Material management has been defined as the total of all those tasks, function activities and routines which concerns the transfer of external materials and service into the organization and the administration of the same until they are consumed or used in the process of production operation or sales. After the analysis and interpretation in chapter four, evidence has s ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESMenlizer, W Keebler (2001) Business journal logistics Page 1-26,Bailey, and Farmer (2006) Purchasing principle and management 9th EditionTrans-Altantic publication onlineTooley, D.F (2001) Production control system and record 2nd Edition: London Gower pressRogger (2004) Management 3 Edition London, M&E handbook series, pitman.Orleckey J. (2000) Material requirement planning New York Mc Graw4lill on lineLyson (2006) Purchasing and supply chain. 7th Edition prentice hall onlineLancastcr. ... Continue reading---
